A selection of business ideas with minimal investment
Each of us at least once in his life, but thought about how good it would be to be the owner of our own business and work according to our…

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How to improve your business using borrowed capital
Have you ever thought about using borrowed funds to buy or open a business or rebuild some property so that buyers or tenants pay only for you. Buy real estate…

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How to calculate gross margin
Gross profit is a fairly simple indicator showing the difference between the proceeds from the sale of goods and their cost. Gross profit ratio is the ratio of gross profit…

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royalty payments

Franchise Agreement: Avoiding Pitfalls

Trend product 2019. Developed by the psychological center “1000 Ideas” in conjunction with the team of the business portal.

Recall that, being a legally contract of independent equal partners, in reality the franchise agreement nevertheless presupposes the concentration of most of the powers in the hands of the franchisor (franchise owner). At the same time, an entrepreneur who wants to open his own business under a franchise agreement is forced to either accept the terms and conditions or seek another partner.

Nevertheless, if at the stage of concluding the contract special attention is paid to certain provisions of the agreement, this will help to avoid many pitfalls in the future. This is especially important to remember, since almost all agreements are developed by franchise owners, which means that they are created in the interests of the franchisors themselves. Continue reading

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