Franchise Ownership is a Myth

In a recent article “Do Franchise Owners Really Own a Business?” Keith Miller addresses franchise ownership head-on:  “Do franchise owners really own a business? That is a very important question. The franchise industry talks about franchise owners as independent business people, working for yourself, but not by yourself. But, what does ownership mean?” https://www.bluemaumau.org/do_franchise_owners_really_own_business Miller goes on to answer: “Usually, if you own something, you have value, or equity, that you can sell. Historically, most franchise agreements contained a “first right of refusal” clause. In most cases, if a franchise owner found a buyer for their franchise, they would first have to offer that to the franchisor under the same terms and conditions.  Unfortunately, for franchise owners, that has taken on a whole new life of its own, with new clauses that eliminate most, if not all, of the equity they have worked…

Read more detail on Recent Business Law posts –

This entry was posted in Business law and tagged , , . Bookmark the permalink.

Leave a Reply