Franchise

1. Did you know that if your company (1) agrees to license its trademark or other symbol to another business; (2) agrees to provide significant assistance in the operation of the other business; and (3) requires that the other business make a minimum payment of at least $500 during the first six months of operations, you have created a franchise relationship? There are both federal and state disclosure requirements applicable to selling franchises. Providence Group Law for help with the legal issues relevant to franchising.



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