Franchise System

Franchise system

In February 2004, Realogy, a real estate franchising and broker, relocation, and settlement services provider, entered into a long-term strategic alliance with Sotheby's. The agreement provided for the licensing of the Sotheby's International Realty name and the development of a full franchise system. Franchises in the system are granted to brokerages and individuals meeting Realogy's qualifications. The franchisor supports its agents with operational, marketing, recruiting, educational, and business development resources. In 2012, the company launched a website for farm and ranch listings, the first in a series of specialty market Internet listings. Subsequent focused marketing websites include waterfront, golf, ski, and historic properties.

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Franchise Tax Board of California v. Hyatt

Franchise Tax Board of California v. Hyatt (short: Franchise Tax Bd. of Cal. v. Hyatt or Hyatt III), 587 U.S. ___ (2019), was a United States Supreme Court case that determined that unless they consent, states have sovereign immunity from private suits filed against them in the courts of another state. The 5-4 decision overturned precedent set in a 1979 Supreme Court case, Nevada v. Hall. This was the third time that the litigants had presented their case to the Court, as the Court had already ruled on the issue in 2003 and 2016. The ruling ended a long tax dispute between Hyatt and California regarding alleged tax fraud by Hyatt. Hyatt had been challenging the tax fraud penalties that the California Franchise Tax Board ("FTB") had ordered him to pay since 1993, both in court and through administrative proceedings. Because of the Supreme Court ruling, Hyatt was required to pay for all legal costs he incurred, without receiving a judgement against the FTB. On this matter, Justice Clarence Thomas wrote: "The consequences for the inventor are that he will suffer the loss of two decades of litigation expenses and a final judgment against the Board for its egregious conduct. ... Those case-specific costs are not among the reliance interests that would persuade us to adhere to an incorrect resolution of an important constitutional question". Justice Stephen Breyer, in the dissenting opinion, warned of the willingness of the majority to overrule precedent, saying, "To overrule a sound decision like Hall ... is to cause the public to become increasingly uncertain about which cases the court will overrule and which cases are here to stay", referencing as an example Planned Parenthood v. Casey, a 1992 case that affirmed the landmark abortion rights case Roe v. Wade. As a result of this ruling, Gilbert Hyatt did not receive $100,000 in damages from California. Although he was originally granted $389 million in damages by a Nevada jury, rulings by the Nevada Supreme Court and the U.S. Supreme Court reduced the amount to $100,000.

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By series or franchise

List of Alien (film series) characters List of The Texas Chainsaw Massacre characters List of Child's Play characters List of Evil Dead characters List of Final Destination characters List of Friday the 13th characters List of From Dusk till Dawn characters List of The Grudge characters List of Halloween (franchise) characters List of Hatchet characters List of Hellraiser characters List of Jurassic Park characters List of Let the Right One In characters List of The Mummy (film series) characters List of A Nightmare on Elm Street characters List of Predator (film series) characters List of Puppet Master characters List of Resident Evil film characters List of Ring characters List of Saw characters List of Scream (film series) characters List of Underworld characters

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Franchise records

Franchise single seasonFranchise single gameFranchise streaksStreaks

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Franchise Rule

The Franchise Rule defines acts or practices that are unfair or deceptive in the franchise industry in the United States. The Franchise Rule is published by the Federal Trade Commission. The Franchise Rule seeks to facilitate informed decisions and to prevent deception in the sale of franchises by requiring franchisors to provide prospective franchisees with essential information prior to the sale. It does not, however, regulate the substance of the terms that control the relationship between franchisors and franchisees. Also, while The Franchise Rule removed the regulation of the sale of franchises from the purview of the states under the authority of the FTC to regulate interstate commerce, The FTC Franchise Rule does not require franchisors to disclose the unit performance statistics of the franchised system to new buyers of franchises as would be necessary and material under state and federal Securities and Exchange law. The FTC Franchise Rule was originally adopted in 1978. This followed a lengthy FTC rulemaking proceeding that began in 1971. A substantial revision of the FTC Franchise Rule was adopted by the FTC in 2007