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445 Hamilton Avenue
Suite 1102
White Plains, NY 10601
Tel: 914-681-0100
Email: info@pitlaw.com |
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| Franchising |
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| Franchising |
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| The business of franchising |
 Franchising is an important component of
the U.S. economy and a growing factor in international business.
When franchising succeeds, the results can be impressive. Everyone knows
the
names of franchises in the sectors of fast foods, hotels,
auto services, education, real estate brokerages, business services,
gyms and many more.
Franchising is a method of financing as well as a means of distribution.
A franchisor can clone its business many times over through the investment
of many franchisees in their own businesses. The franchisor can do this
without diluting the ownership of the franchisor company.
From the franchisee's point of view, franchising offers the opportunity
to own a business following a proven format while becoming part of a larger
system that often provides instant market acceptance. An entrepreneurial-minded
individual franchisee has greater control over the business than an employee.
Multi-unit franchising offers growth potential for franchisees, whose
exit strategies include selling the business or going public.
Pitegoff Law Office PLLC represents both franchisors and franchisees. We assist
foreign franchisors in the launch of their franchise operations in the
U.S. market. We assist U.S. firms to expand by establishing new franchise
businesses or acquiring franchise companies. We represent entrepreneurs
in the purchase or sale of franchises. When appropriate, we also help
companies to establish distribution and licensing systems that are not
franchises, and we advise companies whose businesses may inadvertently
fall within the scope of the franchise laws. Finally, we assist both franchisors
and franchisees in resolving franchise disputes. |
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FACT: At the federal level, franchise sales
are regulated by the Federal Trade Commission's Rule on Franchising,
which became effective in 1979.
 The FTC Rule:
- requires franchisors to deliver a franchise disclosure document to each
prospective franchisee; and
- does not require registration.
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