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FAQ / What do I need to know about purchasing a franchise business?


A franchise is a legal and commercial relationship between the owner of a trademark, service mark, trade name or advertising symbol and an individual or group seeking the right to use that identification in a business. The franchise governs the method for conducting business between the two parties. A franchisor owns the right to a name or trademark and sells that right to a franchisee. A franchisee sells goods or services supplied by the franchisor or sells goods or services that meet the franchisorís quality standards. The Federal Trade Commission regulates franchising at the national level. The state office of the attorney general regulates franchising in the state and accepts franchise prospectuses and written complaints regarding franchisor fraud. We can assist you in obtaining a full range of franchise services, including site selection, training, product supply, marketing plans, and financing


 




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