The Franchise Industry Continues to Fight New Minimum Wage Laws, and Other Top Stories in Franchising this Week
Tag: franchisees
The Seattle Minimum Wage Battle and Franchising’s Other Stories This Week
Links to some of the most interesting stories in franchising this week.
Happy Friday! Some interesting stories in Franchising
Links to some of the most interesting stories in franchising this week.
Does Your Franchise Agreement Address Group Arbitration?
A popular contractual tool for franchise systems is a mandatory arbitration provision. A pair of recent decisions suggest that, where a franchisor’s franchise agreement does not directly address the issue of class- or group-wide arbitration, franchisees may be able to consolidate their claims and proceed against the franchisor as a group. The cases illustrate the importance for a franchisor of ensuring that its franchise agreement’s arbitration clause is drafted carefully.
Business Lessons Learned From “The Dark Knight Rises”
In “The Dark Knight Rises,” Bruce Wayne / Batman learns a valuable lesson about how dangerous complacency can be, as he is completely unprepared for the threat that is Bane. The lesson learned by Wayne is one that applies equally to franchise systems and other businesses: overconfidence and complacency can be hazardous to the long-term survival of the system.
An Illustration Of Changing Consumer Patterns And System Evolution: Best Buy To Close 50 Stores
Big box retailer Best Buy is closing 50 large format stores and opening 100 smaller ones to respond to changing consumer tastes. Best Buy’s experience is an excellent lesson for franchisors in demonstrating how systems must evolve to survive.
