Entries by Hamilton Pratt

What are the benefits of franchising my business?

If you operate a business which is situated in a particular area to meet local needs and you believe that similar businesses can be operated in other areas, then franchising is certainly a way forward.  The alternative to franchising is to do it yourself with your own employees and your own capital.  The challenge with […]

Why use a specialist franchise lawyer?

There are lots of reasons why prospective franchisees do not use specialist franchise lawyers.  The first is that they have any existing relationship with a lawyer who, when asked, claims to know about franchising.  The truth is, unless they are affiliates of the British Franchise Association (“BFA”), they are most unlikely to have looked at […]

How is a franchisor’s management service fee calculated?

In a franchise relationship there are normally two continuing fees.  The first which is usually referred to as a management service fee and the second is a marketing fee.  Sometimes the marketing fee  is rolled into the management service fee, but generally that is not considered to be good practice. According to recent NatWest/bfa surveys […]

How is a franchisor’s management service fee calculated?

In a franchise relationship there are normally two continuing fees.  The first which is usually referred to as a management service fee and the second is a marketing fee.  Sometimes the marketing fee  is rolled into the management service fee, but generally that is not considered to be good practice. According to recent NatWest/bfa surveys […]

How does the Consumer Rights Act affect Letting Agents?

The Consumer Rights Act is being introduced in stages.  The first Commencement Order was issued a few days ago and brings into force, on 27 May 2015, Chapter 3 of Part 3 of the Act which deals with letting agents.  When in force letting agents must publicise relevant fees at their premises and on their website. […]

What exclusive rights do I get as a franchisee?

It all depends on the franchise agreement, but bear in mind that by no means all franchises grant franchisees exclusive rights.  Generally, if the franchise operates from retail premises you would not expect an exclusive territory.  The reason for this is that it is very difficult to predict the success of a retail operation and […]