Franchising

1850

His was one of the earliest—and most successful—franchising operations in the United States. The Singer Company implemented a franchising plan in the 1850s to distribute its sewing machines.

1886

In 1886, he concocted a beverage comprising sugar, molasses, spices, and cocaine.

1902

In 1902, Liggett invited a group of druggists to join a "drug cooperative." As he explained to them, they could increase profits by paying less for their purchases, especially if they set up their own manufacturing company.

1920

In 1932, Howard Deering Johnson established the first modern restaurant franchise based on his successful Quincy, Massachusetts Howard Johnson's restaurant founded in the late 1920s.

1930

However, there were serious pitfalls for investors, which almost ended the practice before it became truly popular. The United States is a leader in franchising, a position it has held since the 1930s when it used the approach for fast-food restaurants, food inns and, slightly later, motels at the time of the Great Depression.

Similar to the United States, it has a long history of franchising, dating back to the 1930s.

The growth in franchising accelerated in the 1930s when such chains as Howard Johnson's started to franchise motels.

1932

In 1932, Howard Deering Johnson established the first modern restaurant franchise based on his successful Quincy, Massachusetts Howard Johnson's restaurant founded in the late 1920s.

1950

The 1950s saw a boom in franchise chains in conjunction with the development of the U.S.

1960

Consequently, franchising was not a growth industry in the United States. It was not until the 1960s and 1970s that people began to take a close look at the attractiveness of franchising.

"Control Without Responsibility: The Legal Creation of Franchising, 1960–1980." Enterprise & Society, 22(1), 156-182. ==References== ==External links== International Franchise Association Strategic alliances Contract law

1970

Consequently, franchising was not a growth industry in the United States. It was not until the 1960s and 1970s that people began to take a close look at the attractiveness of franchising.

Growth came in the 1970s.

1987

KFC was the most significant foreign entry in 1987 and is widespread.

1989

The Loi Doubin Law of 1989 was the first European franchise disclosure law.

1994

8955 of December 15, 1994) defines the franchise as a system in which the franchisor licenses the franchisee, for a payment, the right to use a trademark or patent along with the right to distribute products or services on an exclusive or semi-exclusive basis. The provision of a "Franchise Offer Circular", or disclosure document, is mandatory before execution of agreement and is valid for all of the Brazilian territory.

The plant was built in 1994.

1996

This functions very well in New Zealand and includes law as it applies to contracts, restrictive trade practices, intellectual property, and the law of misleading or deceptive conduct. The Franchise Association of New Zealand introduced a self-regulatory code of practice for its members in 1996.

This may also apply to vertical cooperation such as franchising. ====Russia==== In Russia, under chapter 54 of the Civil Code (passed 1996), franchise agreements are invalid unless written and registered, and franchisors cannot set standards or limits on the prices of the franchisee's goods.

2000

There are more than 300 franchise systems and the number of franchised outlets approaches 2000.

2002

A special law on franchising came into effect in 2002.

2004

They are France (1989), Spain (1996), Romania (1997), Italy (2004) Sweden ( 2004) and Belgium (2005).

2005

As of 2005, there were 909,253 established franchised businesses, generating $880.9 billion of output and accounting for 8.1 percent of all private, non-farm jobs.

But total franchising is only 3% of retail trade, which seeks foreign franchise growth. The year 2005 saw the birth of an updated franchise law, "Measures for the Administration of Commercial Franchise".

2007

This contains many provisions similar to those of the Australian Franchising Code of Practice legislation, although only around a third of all franchises are members of the association and therefore bound by the code. A case of fraud in 2007 perpetrated by a former master franchisee of the country's largest franchise system led to a review of the need for franchise law by the Ministry of Economic Development.

Further updates were made in 2007, with the objective of increased clarity of the law. The laws are applicable if there are transactions involving a trademark combined with payments with many obligations on the franchisor.

A number of businesses that refer to themselves as franchises do not conform to the BFA Code of Ethics are therefore excluded from membership. On 22 May 2007, hearings were held in the UK Parliament concerning citizen-initiated petitions for special regulation of franchising by the government of the UK due to losses incurred by citizens who had invested in franchises.

2008

Despite (or because of) the 2008-09 recession, the total number of franchised units increased by 5.3% from 2009 to 2010.

2009

Despite (or because of) the 2008-09 recession, the total number of franchised units increased by 5.3% from 2009 to 2010.

The first International Exhibition was only held in 2009.

2010

Despite (or because of) the 2008-09 recession, the total number of franchised units increased by 5.3% from 2009 to 2010.

According to the regulation in force in 2010 this obligation has to be met within three months after the start of its activities in Spain. ====Turkey==== Franchising is a sui generis contract which bears the characteristics of several explicitly regulated contracts such as; agency, sales contract and so forth.

The debate also made reference to the self-regulatory function performed by the BFA recognizing that the association "punched above its weight". In the 2010 case of MGB Printing v Kall Kwik UK Ltd., the High Court established that a franchisor may assume a duty of care to a franchisee in certain circumstances.

2012

The Franchise Association originally supported the positive regulation of the franchise sector but its eventual submission to the review was in favour of the status quo of self-regulation. ===Brazil=== By the end of 2012, about 2,031 franchise brands were operating in Brazil, with approximately 93,000 locations, making it one of the largest countries in the world in terms of number of units.

2013

Commentators like Dr Mark Abell, in his book "The Law and Regulation of Franchising in the EU" (published in 2013 by Edward Elgar ) consider this lack of uniformity to be one of the greatest barriers to franchising realising its potential in the EU. When adopting a European strategy, it is important that a franchisor takes expert legal advice.

2016

prevention-framed) can foster distinct perceptions and levels of trust. ==Regulations== ===Australia=== In 2016 there were an estimated 1,120 franchise brands operating in Australia and an estimated 79,000 units operating in business format franchises, with a total brand turnover of approximately $146 billion and a sales revenue of approximately $66.5 billion.




All text is taken from Wikipedia. Text is available under the Creative Commons Attribution-ShareAlike License .

Page generated on 2021-08-05