What is the procedure for granting a franchise?

In Wisconsin, the procedure for granting a franchise is outlined in the Wisconsin Fair Dealership Law. This law outlines the process that a franchisor must follow in order to grant a franchise. Generally, the process for granting a franchise involves the franchisor providing the prospective franchisee with a Franchise Disclosure Document (FDD). This document contains detailed information about the franchisor and the franchise system. It also includes any fees and other requirements that must be met in order to become a franchisee. Once the FDD is given to the prospective franchisee, the parties will negotiate the franchise agreement. This agreement outlines all of the conditions and terms that govern the franchise relationship. It should address topics such as fees, territory, exclusivity, and other rights, as well as any restrictions on the franchisee’s ability to sell products or services. Once the franchise agreement is signed, the franchisor must register the franchise with the Wisconsin Department of Financial Institutions. This is done by submitting the FDD and franchise agreement. The franchisor must also provide contact information for any potential franchisees. Once the registration process is complete, the franchisee has the right to operate the franchise in Wisconsin. They must follow all of the conditions and terms set out in the Franchise Agreement, as well as any applicable state and federal laws. The franchisor must also provide the franchisee with ongoing support and resources in order to ensure the success of the franchise.

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What is the procedure for granting a franchise?

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