Board Thread:Wiki Management/@comment-33144160-20170920093043
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As you build your business and expand your empire through franchising, it is not only critical, but potentially dangerous to sell Internationally without confirming you have abided by and registered your franchise offering with the necessary international regulatory agencies and governing bodies. If you are based in the United States, you have the comfort in knowing that if you are offering a franchise in the U.S., you are already following the most strict and comprehensive franchise regulations in the world. The Federal Trade Commission and the most developed franchise marketplace in the world have supported this evolution of what is now a complex legal environment for franchising in the United States. Canada has similar regulations to the United States through the Arthur Wishart Act which requires disclosure of key items and the presentation of this information in a specified format to the buyer before a purchase can be made. France, Great Britain, Australia and other nations have followed U.S. franchise regulations to have their own set of standards and rules which a franchisor must follow in order to be allowed to offer a franchise within their borders. It is recommended that you have local counsel in any foreign country you are selling franchises into so that you may avoid obvious mistakes and potentially put your franchise in harm’s way.
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