Franchising is one of the most powerful brand building tools ever created. It is reported that franchising is responsible for 760,000 businesses, 18 million jobs, 14 percent of the private sector employment, and over $500 billion in annual payroll. Total sales by businesses operated by Franchisees are projected to reach over $2 trillion this year. 1 out of every 12 businesses is independently owned and operated by a Franchisee.
Over the last 50 years, Franchisees have invested their capital and hard work in creating some of the most recognized brands in the marketplace. The success of franchising is predicated on the investment by Franchisees. This is now at risk because the terms of the franchise agreements have become more one-sided – in favor of the franchisor. They have significantly reduced the ability of Franchisees to build their businesses and serve their customers.
This Universal Franchisee Bill of Rights is a fairness doctrine. It has been developed by franchisees in multiple systems and industries to identify the basic terms of fairness that are missing in their franchise agreements, and must be restored to ensure the success and growth of the franchise systems.
Franchisee Associations That Have Ratified the Universal Franchisee Bill of Rights: