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Franchising

Understand these 9 terms in a franchise agreement

Read between the lines so you know what you are getting into before buying a franchise.

“The franchise agreement is important because it’s the heart and soul of the business,” said Armando “Butz” Bartolome, president of GMB Franchise Consultants.Everything you need to know about managing your franchise and maintaining a good relationship with your franchisor can be found ...

by Toni Antiporda  | March 16, 2016 05:00:00
Franchising

9 sections of the franchise agreement that needs your careful scrutiny

Potential franchise applicants are growing up fast. At the last Filipino Franchise Expo at the SM Megamall in Mandaluyong City, franchisers were surprised at the quality of their questions and their interest in the nature of the franchise package, the payback period, ...

by Erlinda S. Bartolome  | January 09, 2013 09:00:00
Franchising

Why a franchisor declines a franchise contract renewal

Two main reasons why a franchisor refuses to renew a franchise agreement

Q: What are the valid grounds for a franchisor to refuse the renewal of a franchise contract? A: Primarily the franchisor may refuse renewal if the lease of the site is no longer made available for the franchisee. However under such circumstance, ...

by Armando Bartolome  | May 04, 2012 01:00:00
Franchising

Withholding reports from your franchisor

Are there franchise laws that pertain to the franchisees\\\' obligations on submitting reports?

Q: I would like to consult with you regarding franchise laws/regulations. Are franchise buyers entitled to withhold reports such as monthly or sales reports from their franchisors? Are there any rights or privacy clauses that are being violated? Thank you very much! ...

by Armando Bartolome  | April 24, 2012 09:00:00
Franchising

Franchising: Independence vs. support

Some level of control needs to be let go if you want to go into the franchising biz and succeed.

Q:  I want to buy a franchise but I\\\'m being held back by the thought of giving up my decision-making "independence".  Should I be concerned about this?  Are there drawbacks to owning a franchise which I should know about before I enter ...

by Armando Bartolome  | April 13, 2012 11:00:00
Franchising

How to tell the right franchise partner

Right from the start , know how to tell the right (and wrong!) franchise partner .

In the Philippines , the average franchise agreement term is between five and 15 years. If choosing the right franchise is difficult enough, then choosing the right franchisee for franchisors is easier said than done.Clearly, formulating the best franchise business format with ...

December 18, 2010 10:00:00
Startup Tips

Curious about advertising fees and royalty?

Know more about advertising fees and royalty here

In this edition of Ask the expert, Franchise guru Armando Bartolome explains to us the basis for advertising fees and royalty here.Q: Why do franchisors charge royalty and advertising fees? [See additional facts about franchise agreements here]A: Royalty and Advertising fees are ...

June 17, 2010 09:00:00
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