Ethics
Stealing Proprietary Information from Franchising Companies
Corporate Espionage is so great in America that competitors will go to lengths to find out what your company has that makes it so much better than everyone else?s. Often they will even go so far as to set up a dummy corporation or LLC and actually go thru the sales process to buy a franchise, sometimes even go thru the purchase process, just to get all the information they need to compete with you, using your proprietary methods.
This is why I came up with a clause in our franchise agreements which helped us in knowing who we are dealing with up front and what their interests really are. Below is one of the clauses we use;
7.16 Other Parties
If Franchisee is a partnership, joint venture, association, corporation, limited liability company or other legal entity, then all persons who have any beneficial interest in the Franchisee must execute this Franchise Agreement where indicated below and be bound jointly and severally by all the terms and provision hereof, and each such execution shall be a condition precedent to the grant by Franchisee of the Franchised Business.
- - - - - - - - - - -
This made it very tough for a competitor to risk giving themselves away or opening them up for unfair business practice criminal investigations or civil lawsuits from us. It is unfortunate that the weaker, underwelming competitors have to cheat and lie just to keep up, but they are sub human and simply unworthy of mention on the evolutionary food chain. I use to feel sorry for them, but then that 15-second period ended, now we play tough, check six and steamroller these losers. Consider this in 2006.
Lance Winslow
Lance Winslow
Tags: Stealing Proprietary Information, Franchising CompaniesSimilar articles
Post-Katrina Role Of Property Insurers Threaten Consumers Nationwide
?Prediction is very hard, especially when it?s about the future.? Yogi BerraGiven the focus on the recent one-year anniversary of Hurricane Katrina by the media and government officials and its label as the most costly catastrophic disaster in United States history, there has been little focus on the nationwide impact the property and casualty insurance industry has started to impart on homeowners and businesses in a post-Katrina world. Read more →Reputation Reputation
Rumours have been abounding all week that another major competitor has just bitten the dust spectacularly but, until it's confirmed ? and maybe even afterwards ? Read more →Temptations, White Lies, Sales, and Seeing Eye Dogs
A man went into the local Big and Tall Man's store several times looking for a job. Finally, on his seventh visit, the store's owner told him, "I will tell you what. Read more →The Grit in Integrity
Igniting your workplace with a sense of integrity and joy- sounds lofty, huh? Truth be told the joy naturally follows from the integrity. Ever worked in a place that lacked integrity? Read more →Aphorism
He replied, "Compound interest."
Albert Einstein