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The International Franchise Association (IFA) is a trade group focused on government and public relations efforts for the franchise industry. [1] [2] The association publishes data on franchise activity through a partnership with the U.S. Census Bureau [3] and has litigated on behalf of its members in cases that have reached the U.S. Supreme Court.
A franchise is merely a temporary business investment involving renting or leasing an opportunity, not the purchase of a business for the purpose of ownership. It is classified as a wasting asset due to the finite term of the license. Franchise fees are on average 6.7% with an additional average marketing fee of 2%. [10]
In the United States, franchising is regulated by a complex web consisting of the Federal Trade Commission Franchise Rule, state laws, and industry guidelines. [5] The most recent version of the Franchise Rule was in 2007, is printed in the Federal Register / Vol. 72, No. 61 / Friday, March 30, 2007 / Rules and Regulations, pages 15544 to 15575.
The commission focuses much of its franchise rule enforcement and consumer educational resources on combating business opportunity fraud. The franchise rule requires franchisors to make material disclosures in five categories: the nature of the franchisor and the franchise system; the franchisor's financial viability
The International Chamber of Commerce (ICC; French: Chambre de commerce internationale) is the largest, most representative business organization in the world. [2] ICC represents over 45 million businesses in over 170 countries who have interests spanning every sector of private enterprise.
Cruise Planners is a home-based travel agent franchise network. [1] The company is headquartered in downtown Coral Springs, Florida. The company's travel agency franchisees specialize in booking luxury vacations, cruises, tours and travel to destinations around the world. [2] The company has more than 2,500 franchise owners in all 50 states. [3 ...
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