Alaska Franchise Forms - Alaska Franchise Law

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Alaska Franchise Forms FAQ

What is a franchise?

There is a definition of a franchise which has been developed by the Federal Trade Commission. Basically, a franchise involves an owner of a trademark, trade name and/or copyright giving others a license under certain conditions to use these trademarks, trade names or copyrights in providing goods or services to the public. The franchisor is the party who grants the franchise, and the franchisee is the party who receives the franchise.

What is the legal relationship between a franchisor and franchisee?

Technically, the relationship between a franchisor and franchisee is a relationship between two independent contractors. Their rights are determined by the franchise agreement. A franchise then is not a separate business entity, but is a business relationship between two separate business organizations such as a sole proprietorship, a corporation, or a partnership. The relationship between the franchisor and franchisee is controlled by the franchise contract. A corporation, sole proprietorship, or partnership may own the franchise contract or may be the entity entering into the franchise contract.

What laws govern franchises?

There are laws that restrict termination of some franchises. In some states, prior notice of termination is required. Owners of automobile dealership franchises are protected from termination of their dealerships in bad faith. This protection is provided by the Federal Automobile Dealers Franchise Act.


What are Articles of Incorporation?

Articles of Incorporation are legal documents that establish a corporation as a separate legal entity from its owners. They outline important details such as the corporation's name, purpose, and structure. In Alaska, the Articles of Incorporation need to be filed with the state's Division of Corporations, Business, and Professional Licensing. These documents provide important information about the corporation and its intended operations, and they serve as a core foundation for the company's legal existence and operations within the state of Alaska.


What to Include in Articles of Incorporation

When drafting Articles of Incorporation in Alaska, it is important to include specific information to ensure legal compliance. Begin with a clear and concise statement of the company's purpose and objectives. This should be followed by the proposed name of the corporation, which must include a corporate suffix like "Corporation," "Incorporated," or "Limited." You will also need to specify the duration of the corporation, the principal office address, and the name and address of the incorporated. Other key elements to include are the number of authorized shares and their par value, if any. Lastly, it is crucial to outline the structure and governance of the corporation, including provisions related to directors, officers, and shareholders. By including all these details, you can create a comprehensive and valid document for your corporation in Alaska.


1. Full Name of Corporation

The full name of our corporation in Alaska is Arctic Adventure Tours. We chose this name to reflect our focus on providing exciting and unforgettable adventure experiences in the Arctic region. Our goal is to enable people to explore the stunning landscapes, witness the unique wildlife, and immerse themselves in the rich culture of Alaska. As a corporation, we strive to create memorable and enjoyable experiences for our customers, ensuring they have a fantastic time while being in the capable hands of our friendly and knowledgeable team.


2. Principal Place of Business

The Principal Place of Business in Alaska refers to the main location where an organization conducts its operations and carries out its daily activities within the state of Alaska. It is the central hub or headquarters where the administrative and managerial tasks are performed. This is typically where the decision-making process takes place, and where important communication and coordination with other branches or departments occur. The Principal Place of Business in Alaska signifies the primary location where the organization is legally registered and recognized within the state's jurisdiction.


12. Limitation of Director’s Liability

In Alaska, there are certain limitations on the liability of directors. This means that directors of a company are not held personally responsible for every mistake or decision made by the company. Instead, their liability is limited to certain situations where they have acted unlawfully or in bad faith. In other words, directors are protected from being sued for every little thing that goes wrong. However, if a director acts in a way that is against the law or knowingly causes harm to the company or its stakeholders, they can still be held personally liable for their actions. Overall, the limitations on director's liability in Alaska aim to strike a balance between holding directors accountable for their actions while also allowing them to make informed decisions without the fear of excessive personal liability.