Compare and Contrast: FDDs and Franchise Agreements

Many prospective franchisees, and--quite frankly--many franchisors, are confused as to the difference between the FDD and the Franchise Agreement. 

The FDD is simply a picture in time and a representation of certain information, financial and otherwise, on the business opportunity a franchisee is purchasing.  The terms will mirror and track many of the items in the Franchise Agreement. However, once the Franchise Agreement is signed the Franchise Agreement, not the FDD, controls. 

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Legal Requirements To Franchise A Business

Once you have a successful business concept that is potentially scalable through franchising, your first step is to be sure your intellectual property rights are secure. The best way to do that is with a federally registered, or at least applied for, trademark(s) with the US Patent and Trademark Office.

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What Are Common Area Maintenance Charges In A Commercial Lease?

Most commercial retail leases are triple net leases. The “triple” stands for (i) taxes (ii) insurance and (iii) maintenance.

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What is a Master Franchise and Sub-Franchise and How Are They Different Than An Area Development?

Like most business disciplines, franchising has its own jargon or vocabulary. The terms "master franchise" or "sub-franchise" and "area developer" have specific technical definitions, but are often used improperly. This article will help to define a master franchise or sub-franchise and area developer and distinguish them from other forms of expanding a franchise system. 

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Philadelphia Franchise Association June Lunch & Learn

The Philadelphia Franchise Association had a Lunch & Learn at Maggiano's Little Italy on June 8th. Attendees discussed the latest industry news and trends. The event was moderated by our very own Tom Spadea and featured 3 guest speakers.

Here's the featured speakers from the June event:

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