Author: Elf

Medical errors can encompass a wide variety of things. For example, medication errors can include administering the incorrect medication to the incorrect patient in the incorrect dosage or the incorrect route. Most medication errors and medical errors generally occur due to a lack of attention and failure to verify what has been written or should…

Inform the authorities, either the police or highway patrol, about the accident involving a commercial vehicle. Securing a police accident report which outlines the incident is crucial for effectively addressing the insurance provider of the trucking company. While awaiting the arrival of the authorities, refrain from engaging in casual conversation with the truck operator or…

Unlike most lawsuits that are filed by one or a few affected individuals, a group lawsuit is filed by large groups of individuals who have been similarly affected by a harmful event, product, or action. In addition to making it easier for more people to seek justice who may not have the resources to do…

Some pharmaceutical companies have unfortunately released some very harmful medications. For example, I dealt extensively with alpha-beta, a diet drug that caused serious harm and fatalities to consumers by affecting their heart and lungs. Despite its dangers, the drug was sold throughout the United States. The FDA approves many drugs with dangerous side effects, like…

Some franchise buyers are interested in opening multiple locations over a specific period. They may opt to open and operate multiple locations themselves or employ other franchisees to assume control. These relationships are frequently regulated by a development agreement, which includes a development schedule (the number of units to be opened before specific future dates)…

These are establishments that are both owned and operated by the corporation itself or an affiliate of the Parent Company. In other words, they are not independently operated. To determine the number of corporation-owned branches and independently operated branches in a franchise system, you can refer to Item 20 of the Franchise Disclosure Document (FDD).

Also known as startup costs, this encompasses the complete sum needed to establish the new franchise. Information regarding these expenses can be found in Item 7 of the Franchise Disclosure Document (FDD). The initial expenses consist of the franchisee fee as well as any other initial costs particular to the business, such as equipment, property…

Many franchise companies require their franchisees to pay a regular fee. More often than not, this is calculated as a percentage of sales, but sometimes it’s flat. Most franchisors set their royalty fee within the range of 5 to 9 percent of gross revenue. Franchise investors and developers should carefully review all fees charged by…

This clarifies the length of time that your franchise agreement will remain in effect. Usually, franchisors determine the duration of the agreement to be anywhere between five and 20 years. When the agreed-upon term comes to an end, franchisees who have performed satisfactorily are offered the chance to extend their agreement. The requirements for franchisees…

This is the written contract that is an exhibit to the FDD outlining your responsibilities as a franchisee and the franchisor’s responsibilities to you. The franchise agreement governs the relationship between franchisees and franchisors. This is the single most important document signed by franchise investors and should be reviewed by experienced legal counsel specializing in…