Executive business management teams of franchising companies ...

peter kritas
Executive business management teams of franchising companies must protect their proprietary information from getting into the wrong hands. Unfortunately in the uniform franchise offering circulars which are required by both federal and some state regulatory bodies require enormous amounts of information to be disclosed to the franchise buyers prior to entering the sales process. It behooves the Franchisor to be very careful which franchise prospects they give the uniform franchise offering circular to.

Further, a fast moving franchise means more buyers with more UFOCs. This poses several problems. One, competitors call up the franchisees who are listed in the uniform franchise offering circular and ask them many questions posing as potential buyers. Another big problem is that it could pose potential identity theft problems for franchisees because their information is listed. Indeed, franchise attorneys also use this information to put together class-action lawsuits when they have one franchisee who is disgruntled who has retained them and they wish to expand the case.

Further, some legitimate franchise buyers waste the time of the franchisees by calling them up and asking them questions about the business day and night. The franchisees also do not want their data in there of course for all these reasons and more.

This entry was posted on August 16, 2011, 5:33 am and is filed under Uncategorized. You can follow any responses to this entry through RSS 2.0. You can leave a response, or trackback from your own site.

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