Keeping The PeaceFranchise dispute? Try mediation, says New York.
Opinions expressed by Entrepreneur contributors are their own.
The National Franchise Council (NFC) took one step forward inits quest to turn franchisors and franchisees away from litigationand toward mediation. This spring, state Attorney General EliotSpitzer made New York the first of 12 states with franchiseregulation to adopt the NFC's education process. Now theNFC's goal is to get the other states on board.
As it stands, if a franchisor commits a minor violation of theNew York Franchise Act (for example, not upholding the disclosurerequirement), the franchisor can go through NFC retraining infranchise sales practices rather than endure an enforcementproceeding and its consequences. "This shows franchisors arewilling to step up to the plate to solve problems and cooperatewith regulatory agencies, whether it's on a federal or statelevel," says NFC chair Morton Aronson.
4th of July Sale - Save 20%! Unlock this premium article & so much more with狗万官方+
Join the internet’s leading entrepreneur community! With your subscription you’ll get:
- Unlimited access, including premium content
- No ads
- Subscription to狗万官方magazine
- Four free e-books a year
- Subscriber-only events with our experts