HTM 3244 Lecture 4: Lecture 4
2 Sep 2016
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Htm 3244: lecture 4: franchise disclosure documents (fdds, not the actual franchise agreement, purpose: b. i. Simplification all fdds have similar format: must be sent at least 14 days before an agreement is signed c. i. Must sign and return acknowledgement of receipt and document the data. 23 components of fdds: franchisor, parents, predecessors, and affiliates, company info a. i. No payroll systems (legal issues: territory, minimum area of territory protection, typically standard but negotiable. Htm 3244: lecture 4: trademarks, can be very important for international franchises b. Important for brand recognition/ clarity: patents, copyrights, and proprietary information, franchise participation obligation, requirement for franchisee to be involved in the day-to-day operations, prevents absentee management, allowed to have an approved 3rd party management company c. i. 3rd party may have their own infrastructure: restrictions on what franchisee may sell (can vary, renewal, termination, transfer, and dispute resolution, contract length, condition, etc. a. i.
