Know Your Rights in Case Your Franchise Fails
by Carrie Hinkel on March 13th, 2008
The U.S. Department of Consumer Affairs reports that less than 5 percent of all franchises end up failing, as opposed to non-franchise companies, whose failure rate is 30 percent. Those seem like great odds until you’re a franchise owner in that 5 percent, left with an empty bank account and a worthless business. If that happens, you’ll be left wondering if there’s anything that can be done. And the answer is, maybe. There have been many owners of failed franchises who have sued their franchiser – and won. The reason for their store or restaurant’s demise may have been because... Read more »