Monthly Archives: November 2021
Understanding Your Franchise Agreement is our three-part series covering 15 key provisions of the franchise agreement for prospective franchisees. As a franchisee law firm, we have represented clients considering all types of franchises, and we have reviewed franchise agreements from franchisors in every segment of the industry. Parts 1 and 2 of the series covered opening, territory rights, term and renewal, fees, and operating standards. Here in Part 3, we cover transfer, termination, post-termination, dispute resolution and “miscellaneous” terms.
Understanding Your Franchise Agreement is our three-part series covering 15 key provisions of the franchise agreement for prospective franchisees. As a franchise law firm, we have represented clients considering all types of franchises, and we have reviewed franchise agreements from franchisors in every segment of the industry. Part 1 of the series covered five key provisions at the beginning of the franchise agreement. Here in Part 2, we cover franchise fees, operating standards and renewal.
Several years ago, we published a popular three-part guide titled, Understanding Your Franchisor’s FDD. As its name suggests, this guide provides an in-depth look at what franchisees need to know about their franchisor’s Franchise Disclosure Document (FDD). Now, we’re taking the same approach to the franchise agreement. In this three-part series, franchise lawyer Jeffrey M. Goldstein breaks down 15 key contract provisions that govern most franchise relationships.
Buying a franchise is not a guarantee of success. Many franchisees barely earn enough to pay themselves a modest salary, and some never become profitable. Of course, the pandemic has forced many franchisees into the red as well. If your franchise isn’t profitable, is there a way out? Franchise attorney Jeffrey M. Goldstein explains.
It seems that lots of people are buying home services franchises. According to the Franchise Times, franchisors in the home services sector saw a 5.6 percent increase in total sales in 2020, and many brands in the sector have seen strong growth figures in 2021. If you are thinking about buying a home services franchise, here are some key considerations from franchisee lawyer Jeffrey M. Goldstein.
The Franchise Times recently published two articles highlighting franchise systems that experienced growth during 2020. While the fact that a franchisor experienced year-over-year growth isn’t normally newsworthy, 2020 wasn’t a normal year. As we head into 2022 with the COVID-19 pandemic still playing a prevalent role in our day-to-day lives, prospective franchisees may benefit from considering the sectors that have fared best in the pandemic so far. Franchisee attorney Jeffrey M. Goldstein explains.