We in the legal profession are often unjustly accused of being “deal killers” and of making things too complicated . The real problem frequently turns out to be the “fly by the seat of the pants” entrepreneur or business person who acts and reacts before thinking. Then they call the lawyer! In franchising, however, I […]
What Is “The Best Franchise” to Buy?
What Is “The Best Franchise” to Buy? Everyone wants to know the best franchise to buy, but it is really a meaningless question. There is no such thing as best franchise or even worst franchise. The “question” covers a lot of ground. The purpose of owning a franchise is to own a profitable business. So […]
Key Questions To Ask Every Franchisee in the System Before You Buy In:
When you think about buying a franchise, you need to investigate the franchise carefully. One of the most important things you should do is talk to other franchisees. Listed below is a list of questions to get your evaluation of the franchise or business opportunity started: How long have you been operating this business? Did […]
WHAT’S IN A NAME? The Heart of a Franchise System
By Kat Tidd Developing An Identity Choosing the right name for a business is a challenge under any circumstances. Does it convey the right message? Is suitable for the nature of the business? Is there anything similar being used? Is it available for use? What kind of exclusive protection can be obtained to keep anyone […]
MUST FRANCHISE ATTORNEYS PICK SIDES?
Recently I could not resist jumping in on what turned into a debate on the right way to practice franchise law. Long story short, a colleague maintained that in franchising, attorneys have to “pick a side.” The franchise lawyer/litigator claimed one could either represent franchisors, or one could represent franchisees–but never both without, apparently, being […]
