Joined: 26 Aug 2019
|>How Master Franchise Lawyer Will Help You?
Posted by ifranchiselaw on September 13th , 2017
If you want to bloom your franchise business internationally then you may look for master franchise opportunities in developed countries like the USA. Expanding business in a developed country can offer amazing benefits and growth to your business and will take your business in a right direction.
Just imagine a scenario where most of the well-known business owners contact you to be your franchisees. Most franchises agree to this contract and this is another method of expanding business in the market. A master franchise is basically an agreement between the owner of the brand name (master franchisor) and a person (master franchisee) in which master franchisor hand over some control of the franchising activities to the master franchisee in a specified area.
Master franchising allows the business owners to legally take the brand name from the franchise which helps them to develop a large and profitable business within a short period of time. Master Franchise allocates a number of master franchisees in a new location or territory for generating more income. If you have international franchises and if you are looking for master franchisee then it can benefit you more.
As a master franchisor, when you have allocated master franchisees in most of the developed territories then it will facilitate you with significant income for a long term. Once you start gaining more profit then you can consider it as an income source that will serve you throughout your life.
As the number of units or number of master franchisee increase , you can expand your business across the world. After working for several years, you can enjoy your retirement with attractive income.
Besides , one can also say master franchisee steps into the shoes of the master franchisor and take over the burden of business development. This leaves the master franchisor to stay free and can allocate his complete concentration to other business objectives. As per the agreement, the master franchisor can collect the entire profit structure of the business throughout the year or the month. He can also ask for master franchise fee from the master franchisee.
Having said the benefits , as a coin has two faces, master franchising have some detriment too. Since master franchisee is supervising the business in the territory according to the contract , the master franchisor may lose some kind of control over the business. This can give rise to many disputes on franchisee fees and royalties, renewal fees etc.
If you are planning to establish your business internationally or planning to make a deal with master franchisor you may seek advice from Master Franchise Lawyer. If had already made any agreements but having disputes with another party then franchise lawyer will help you by offering International Dispute Resolution.
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