Run, Don’t Walk Can you walk away from buying the perfect franchise business for you, if the franchise agreement has one awful, horrible clause? Ok, if there’s one, there are likely more. When I started my law practice, franchise agreements seemed pretty balanced. You would usually find franchisor’s approval rights were softened by the qualifier […]
Buying A Franchise? Do These Things First
Franchise agreements are not fair contracts. Once training is done and the business opens, franchise agreements shift the entire burden of the franchise business to the franchisee. Taking the right steps before signing that franchise agreement is critical, not just for success but for your financial survival. Critical Steps to Buying a […]
Want To Be a Franchisor
So You Think You Want to Be a Franchisor? Feel the Need to Franchise Your Business? FAQS Answered. I come from the Keep It Simple school of franchise law, and prefer to make franchising as uncomplicated as possible. But it is still not something you should jump into just because you think franchising is […]
Hot Legal Issues: Encroachment and the Internet
E-Commerce has opened a new frontier for the distribution of goods and services. Along with opportunity however, it also brings difficult decisions for many franchisors. Typically, the grant of a franchise includes some form of territorial rights. The extent of those rights is now being tested in many franchise systems. Example: If a franchisor establishes […]
How to Use Your Franchise Lawyer Cost Effectively
Got a problem? Organize it. If you need help to accomplish your objectives, you need to be able to explain it clearly and completely. If you can’t articulate the problem and how it developed, you force your attorney to extract it from you. That takes time and time is money. So do your homework. 1. […]
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