Do you want to replicate your company’s business model to multiply the revenue stream? Do you want to exploit your proven business model? Do you want to have investors in your business that stake not only their money but also their sweat equity? Do you want to maximize the returns from your Intellectual Property rights? Then establishing a Franchise and becoming a Franchisor may be the business exploitation model you were looking for.
Do you want to be independent but do not want to reinvent the wheel? Do you want to join a proven model to operate lucratively a business? Do you want use exclusive Intellectual Property rights for competitive advantage? Then acquiring a Franchise and becoming a Franchisee, may be the business model you were looking for.
A Franchise is a business model, that is substantially identical in process and operation to the original business but it is owned by independent third party operators, named Franchisees. The Franchisee does business using the marketing methods, trademarked, patented, and/or copyrighted goods and services, and the "goodwill" and name recognition developed by the Franchisor’s company. In exchange, the Franchisee pays an initial fee and royalties to the Franchisor.
Franchise Law is the area of law revolving around the right or license that is granted to an individual or group, Franchisee, to market a company's goods or services, Franchisor, in a particular territory under the company's trademark, trade name, or service mark and utilizing any applicable Intellectual Property rights of the Franchisor. Franchising in the United States is governed by federal law administered by the Federal Trade Commission (FTC) and by a variety of state statutes.
Franchise laws differ greatly from state to state. With today's globalization of economies, franchise law statutes require an international perspective.
We, at GOLAB IP, have the relevant legal knowledge and business expertise to guide you in forming a Franchise and becoming a successful Franchisor, and/or conduct the due diligence so you understand all your legal obligations and rights to become a Franchisee.
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