Barring the apparent requirements of finance, infrastructure and other essentials, a franchise agreement forms the basis of a franchise. The type of agreement for this purpose differs based on varied factors like the format, control, the type of franchisor, and the like of it. The Federal Trade Commission requires that franchisors present a Disclosure Document to prospective franchisees containing detailed information about the franchise company and its principal executives. In addition, if the franchisor is incorporated in a state that requires that franchises be registered (twenty-three states do) or if franchises are to be sold in a registration state, state filings must be prepared and sent to those states. (Different states have different filing requirements.)
The firm gives an innovative way of expanding a business into new marketplaces that have spread worldwide; different countries have different laws applicable to franchising. These are a range of laws and regulations that can be made relevant to franchising. These laws include those addressing competition, consumer protection, intellectual property, labour, property and, of course, taxation.
At Wafa & Co Advocates, we offer the following services;