Owning a franchise offers several benefits for entrepreneurs. It also comes with risks and responsibilities. Before buying a franchise, potential owners should speak with a knowledgeable franchise attorney and consider factors such as these five questions. Is the...
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Franchise Law
Trends in the use of area reps in franchise systems
Franchising is appealing to franchisors because it provides for fast business growth with immediate income in the form of upfront payment of franchise fees for the franchisor, without bearing most of the day to day business expenses borne by the franchisees and with...
How Force Majeure provisions in commercial real estate leases are changing because of the Covid-19 pandemic
The pandemic has impacted just about every part of our lives. That includes businesses, which had to deal with staffing issues, supply chain delays, inflation, regulations, and countless other obstacles. One or a combination of these factors may have impacted your...
How do you finance a franchise?
The initial investment needed to purchase, build-out, and open a franchised business often requires franchisees to consider financing options. Because there are numerous options to choose from, entrepreneurs must approach the process carefully. It is important to...
Practicing due diligence before buying a franchise
Before buying or selling a franchise, prospective franchisees and franchisors should take steps to ensure they understand each other’s expectations and responsibilities. The Federal Trade Commission requires franchisors to provide prospective purchasers of franchises...