Perhaps it is a response to a growing perception that franchise agreements have been growing increasingly lopsided-just a tiny step above the indentured servitude of the middle ages-or perhaps it is pandering to the franchisees who showed up in Sacramento in droves to testify, but the Assembly of the California legislature today took one step toward passing a state fair franchising law.
Some people attempt to minimize franchise disputes by saying “it’s just business” or “it’s only money.” These people have never been in a business dispute.
Many franchisors include an arbitration clause in their franchise agreements to govern franchise dispute resolution. This requires both parties to take any disputes to arbitration instead of to court.
Buying a franchise may be the biggest financial investment you ever make. When it works, you have the chance to own and operate your own business with the added advantage of a partnering with an established company with name recognition, a successful business model, and high quality products or services.
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