Important Considerations
in Buying a Franchise
On August 27, 2021 by SusanI review a lot of franchise disclosure documents (FDDs) for prospective franchisees in various franchise systems. Because I have also drafted FDDs for various franchise systems, I can advise prospective franchisees what is typical in a franchise agreement. It’s important for prospective franchisees to understand that certain provisions go to the heart of the franchise
Top Six Reasons why Franchisees Fail
On July 15, 2021 by SusanFailure to select a franchise system that will succeed. (See “Top 10 Reasons why Franchise Systems Fail” blog) Failure to do their due diligence with respect to the franchise system and the franchisor’s management. Has the franchisor fully developed the franchise system or does it have a “to be developed” training program or operating manual?
Top 10 Reasons why Franchise Systems Fail
On July 8, 2021 by SusanFailure to have a concept that works or is unique, special or cannot be copied by others. What is the “secret sauce?” Are there any patented products? Is there any proprietary information? Can anyone replicate the business or are there significant barriers to entry? Failure to have a concept that can be copied by others.
How to Avoid Litigation
On July 1, 2021 by Susan“The first thing we do, let’s kill all the lawyers.” Shakespeare, Henvy VI Meeting new people at a cocktail party and telling them that I’m a lawyer frequently generates a scowl. The experience that most people have had with lawyers is in connection with their divorce or a lawsuit. In either case, it was rarely
Baby Boomer Transitions – Selling Your Business
On June 25, 2021 by SusanAs a baby boomer, you may be at the point that you are considering the next phase of your life. The media repeatedly report that baby boomers are redefining aging and retirement. That is not surprising. Baby boomers have redefined virtually every stage and aspect of American life throughout the years. Swimming in uncharted waters
Thinking about Franchising Your Business?
On June 18, 2021 by SusanAs a successful business owner, you probably get approached frequently by people asking you if they can operate a business like yours “back home.” You are probably flattered by the attention and consider how you can help them go into business, for a fee, of course. What you are probably thinking about is called “franchising.”
Franchising 101
On June 11, 2021 by SusanWhat is a Franchise? What do I have to do to Comply with the Franchise Laws? Why Should I Comply with the Franchise Laws? What is a franchise? Clients often tell their attorneys “I’m only going to do a license. I don’t want to do a franchise.” Although a client may believe what he