Monthly Archives: June 2021
If you are thinking about buying a franchise, obtaining a franchise business review is an important part of the process. Getting advice from an experienced franchise lawyer allows you to make informed decisions; and, while you may want your lawyer to provide a “seal of approval” for your chosen franchise opportunity, the true goal is to get unbiased legal advice focused on your long-term best interests.
When you buy a franchise, there is a chance that your franchise will fail. This is a risk you take when you sign your franchise agreement, and it is a risk that you should take only if you have a clear and comprehensive understanding of what you can expect as a franchisee. But, while there are many factors that prospective franchisees need to consider, there is one factor that they shouldn’t: Franchisees shouldn’t have to worry about their franchisors failing. Unfortunately, in many cases they do. This is a fact our franchise lawyers know all too well.
A recent article on FranchiseDirect.com, entitled 5 Traits of Successful Franchisees, discusses what it takes to grow a profitable franchised outlet. Here, franchisee attorney Jeffrey M. Goldstein shares his thoughts based on more than 30 years of experience exclusively representing franchisees and dealers.
Firm founder and nationally-recognized franchisee lawyer Jeffrey M. Goldstein was recently quoted by the Franchise Times. The quote comes from Mr. Goldstein’s statements during the 2021 Franchise Times Legal Eagles Roundtable, which took place on June 10, 2021. The Goldstein Law Firm was a sponsor of the Roundtable discussion.
Many franchise agreements include provisions for mandatory mediation. While mediation is intended to be neutral and provide an opportunity for the parties to resolve their dispute without going to court, the reality is that the requiring mediation benefits franchisors in many cases. So, as a franchisee, what can you expect in mediation? Franchise lawyer Jeffrey M. Goldstein explains:
Under the Federal Trade Commission (FTC) Franchise Rule and various state franchise laws, franchisors have a legal obligation to disclose certain information to prospective franchisees. While franchisees cannot pursue claims under the FTC Franchise Rule, they can pursue claims under state franchise laws in many cases. In this article, franchise attorney Jeffrey M. Goldstein explains what constitutes a franchise disclosure violation, and discusses the potential implications for disputes between franchisees and franchisors.