Posts Tagged FDD
Posted on August 27, 2009 by Lizette Pirtle
All communities, industries, and companies have their own lingo made up of unique words, terms, acronyms and expressions which are generally understood only by those belonging or related to these organizations. Understanding the language makes us part of the team; and from this perspective jargon can have powerful uniting qualities, but it also can separate us from the rest of [...]
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Posted on July 7, 2009 by Lizette Pirtle
The Federal Trade Commission has created criteria to determine whether or not a business meets the definition of a franchise under their Franchise Rule. They basically look at three factors: granting of trademarks, control over the new location or training provided, and payment of funds. To know whether your business is or will be deemed [...]
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Posted on February 3, 2009 by Lizette Pirtle
When offering franchise opportunities using the Internet one must comply with state regulations requiring the posting of a disclaimer that specifically lists the states in which the company is NOT allowed to offer franchises. These regulations can be summarized as follows: 1. If a franchise company has a current FDD (Franchise Disclosure Document) and has a federal [...]
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Posted on February 2, 2009 by Lizette Pirtle
Franchising a business is not an inexpensive endeavour. One of the major contributors to its cost is the legal compliance required when franchising a business. The Franchise Disclosure Document (FDD) which replaced the Uniform Franchise Offering Circular (UFOC) in July 2008 must follow the guidelines of the Federal Trade Commission. The FDD is a lengthy document that [...]
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