📺 Stream EntrepreneurTV for Free 📺

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

entrepreneur daily

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

Thought Leaders

The Most Innovative Leaders Use These 3 Mental Models to Unlock Their Best Ideas

Mental models help us to understand things more fully and come up with smarter, more groundbreaking solutions. Here are three mental models you can use to grow, innovate and think differently.

Business Solutions

Snag Microsoft Office for $30 During This Week-Long Price Drop

Grab a lifetime license to a suite of word processing, email support, and other tools.

Business News

Amazon Is Offering a New Grocery Delivery Subscription Service — Here's How It Works

Groceries from Whole Foods and local shops will arrive in an hour, and the new delivery subscription is discounted for customers with EBT cards.


How Mindset Plays a Role in Your Entrepreneurial Success

Don't overlook the importance of mindset when you're starting or growing a business.

Employee Experience & Recruiting

Practice Interviewing, Optimize Your LinkedIn, and More with This $80 AI Suite

Tools for practicing interviewing, training, recruitment, and so much more.

Business News

The FTC Is Suing to Block a Mega-Merger That Would Unite Coach and Michael Kors

The deal between the fashion houses' parent companies would be worth an estimated $8.5 billion.