As an entrepreneur, becoming a master franchisee with a reputable brand needs particular attributes to make you stick out from your competition. For franchisors, finding the ideal franchise to incorporate into your franchise network involves...
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A non-compete clause is a legal and enforceable provision in a franchise contract/agreement prohibiting the franchisee from competing with the franchisor after leaving the franchised business–either through contract termination or expiry...
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Franchise outlets operate under the brand name–owned by the franchisor. A restaurant franchise should be governed by a franchise agreement, a legal and enforceable contract defining the franchisor-franchisee relationship. Franchisors draft...
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Research shows that recent real estate franchising has become appealing to most first-time buyers lately. Why? Unlike other assets, buildings depreciate at a very minimal rate. A real estate franchisee acquires the right to use the...
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So, you’re looking at a once-in-a-lifetime opportunity through franchising. Investing in a franchise can be profitable to prospective buyers and comes with other benefits, such as being your boss and operating a business under the name of a...
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Buying a franchise is ideal for investing in an already successful business. Besides, who wants to deal with the teething challenges of a new business? The other good thing is that you become the boss in the designated market. On the other...
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Franchises provide a cost-effective way to scale businesses, but one should understand how they work and what’s involved. A franchise involves two leading players–the franchisor and the franchisee, and the franchise agreement governs their...
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A franchisee can decide to sell their stake in a franchise to a third party at a discount to a person who meets the approval criteria of the franchisor–most people consult a franchise attorney when selling transferring their interests. The...
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Supposing your restaurant has been successful and you have a solid expansion plan, you’d be looking to open additional locations. Franchising a restaurant involves allowing a prospective franchisee the right to use your brand name or...
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Disputes between business partners can stall even the most successful company, and franchising is no exception. When drafting a franchise agreement, a franchisor and franchisee should consider dispute resolution to avoid interfering with...
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mherman@franchise-law.com
202-686-2886
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