Archive for May 2018

What You Need to Know about the Franchise Disclosure Document (FDD)

What can you learn from a Franchise Disclosure Document (FDD)? History of the FDD Until the 1960s, there was little franchising momentum in the United States. But after the success of McDonald’s, the franchise industry expanded rapidly. In 1979, the Federal Trade Commission’s Franchise Rule became effective. It required franchisors to provide potential franchisees with…

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The History of Franchising

How did franchising develop into the economic powerhouse it is today? You may find it interesting to take a look at franchising history. The word “franchise” is of Anglo-French derivation—from franc, meaning “free.” Franchising developed over time as an efficient way to do business. In the middle ages, the local landowner would grant rights to the…

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