Each year we publish dozens of articles for current and prospective franchisees. This year was no different. In 2021, our articles covered topics ranging from the effects of the COVID-19 pandemic to buying a franchise at resale, and we published an in-depth three-part series on Understanding Your Franchise Agreement. Here is a look back at some of our franchisee law firm’s top articles from the year.
Dealing with the Economic Impacts of the COVID-19 Pandemic
While 2021 was supposed to be the year that we put the pandemic behind us, this, unfortunately, didn’t pan out as many experts anticipated. The pandemic continued to have a major impact on the franchise industry, and we covered this impact from various perspectives throughout the year:
- Can Franchisors Force Franchisees to Close (or Open) Their Dining Rooms?
- 2020 Franchise Growth Data Show Which Sectors Fared Best During the Pandemic (So Far)
- What Does It Mean to Be a “Recession-Proof” Franchise?
- Is There a Way Out if My Franchise Isn’t Profitable?
- Attorney Jeffrey M. Goldstein Quoted by Franchise Times Regarding Pandemic-Related Terminations
Adapting to Change as a Franchisee
Whether spurred by the economic impacts of the pandemic or otherwise, change seemed to be a major topic of discussion in 2021. This was especially true within franchising. Articles we published on the topic include:
- What if My Franchisor Wants Me To Offer Drone Delivery?
- What Are Your Options When Your Franchisor Imposes a Mandatory Update?
- Big Brands are Stepping Into the Virtual Restaurant Franchise Realm
Franchise Terminations and Disputes
The impacts of the COVID-19 pandemic on franchisees are undeniable. Terminations are up, and we have seen an uptick in pre- and post-termination disputes as well. Recognizing these trends, we published an article on what to expect from franchise mediation in June, and we followed up with a post on what to do when facing a dispute with your franchisor in October.
Important Considerations for Prospective Franchisees
Despite (or perhaps in response to) the effects of the pandemic, interest in franchise ownership is near an all-time high. In 2021 we published several articles intended as resources for prospective franchisees, including:
- Buying a Franchise—Is It Worth It?
- 7 Key Components of a Franchise Business Review
- Why It Can Cost More NOT To Get a Franchise Business Review
- What Do You Need to Know When Buying a Franchise At Resale?
- Buying a Second Franchise: 5 Important Business and Legal Considerations
We also published articles specific to purchasing a home services, fitness or health and wellness franchise, as well as articles specific to buying a franchise out of college or after 50.
Buying a Franchise in 2022
Looking forward, what are some of the key factors you should consider if you are thinking about buying a franchise in 2022? We shared our thoughts here: 5 Tips for Buying a Franchise in 2022.
Get Free Legal Advice from a National Franchisee Law Firm
Are you thinking about buying a franchise in 2022? Or, are you facing an issue with your franchisor? If so, we can help, and we encourage you to contact us for a free initial consultation. To speak with franchise attorney Jeffrey M. Goldstein in confidence, call 202-293-3947 or inquire online today.
