Ending Soon! Save 33% on All Access

AFFD Adopts New Fair Franchising Standards <b></b>

San Diego--The American Association of Franchisees &Dealers has announced the adoption of three new Fair FranchisingStandards. The new standards define exemplary practices in threedistinct aspects of a franchising relationship:

1. The use of personal guarantees ina franchising transaction.

2. The rights of a franchisor to sell or transfer the entirefranchise system.

3. The use of so-called "gag order" agreements to keepthe settlement of disputes confidential.

The AAFD uses its standards to award franchisors with its FairFranchising Seal. To earn the seal, the company's franchiseagreement must be consistent with the Fair Franchising Standardsand must receive approval from at least 75 percent of itsfranchisees in a confidential AAFD-administered survey.-American Association of Franchisees & Dealers

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Most Popular

See all
Business News

Here's How Much an Influencer With 21 Million Followers Makes on YouTube, Facebook, and TikTok

Erika Kullberg says one outlet pays far better than the rest.

By Sherin Shibu
By Entrepreneur Store
Business News

Apple iPhone 7 Users May Be Owed a Slice of a $35 Million Settlement — Here's How to Claim Your Share

Previous (and current, no judgment) iPhone 7 users may be entitled to up to $349. The deadline to file a claim is June 3.

By Sherin Shibu
Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

By Eve Gumpel
Side Hustle

A CEO Who Runs a Fully Remote Company Has an Unusual Take on Employees Starting Side Hustles: 'We Have to Be Honest With Ourselves'

Ross Buhrdorf, CEO of ZenBusiness, breaks down how critical "walking the walk" really is.

By Amanda Breen
Business News

Did OpenAI steal Scarlett Johansson's voice? 5 Critical Lessons for Entrepreneurs in The AI Era

Did OpenAI steal Scarlett Johansson's voice? OpenAI has since paused the "Sky" voice feature, but Johansson argues that this is no coincidence. In response, Johansson delivers a masterclass for entrepreneurs on navigating the AI era successfully.

By Ben Angel