Author: Goldstein Law Firm
You’re thinking about buying a franchise, and you’ve been told that you should consult with a franchise lawyer before you move forward. But, hiring a lawyer isn’t free (although you can get a free consultation), and you are wondering if it is worth the investment. So, what does a franchise lawyer do?
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When you are a candidate for a franchise opportunity, one of the first things the franchisor will do is provide you with a copy of its Franchise Disclosure Document (FDD). The FDD is an extremely important document, and it provides (or should provide) a wealth of important information about several key aspects of the franchise. But, as franchise attorneys, we know that many prospective franchisees are only interested in the highlights. So, what is the most important information in an FDD?
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It’s 2022, and this was supposed to be the year that things got back to normal. But, the omicron variant is once again causing COVID cases to spike across the country, and many businesses are struggling as a result. If your franchise is struggling due to the economic impacts of the pandemic, what are your options? What are your legal rights? Franchisee attorney Jeffrey M. Goldstein explains.
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The Franchise Times recently published an article discussing Checkers’ rollout of artificial intelligence (AI) voice ordering at its 267 company-owned locations. According to the article, Checkers franchisees “are clamoring for the tool,” and the article suggests that expanding to franchised locations will be the next step after the rollout at the corporate level. So, does this mean that 2022 will be the year of AI in franchising? Franchise attorney and 30-year industry veteran Jeffrey M. Goldstein shares his thoughts.
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The Franchise Times recently published its Fast & Serious list for 2022. According to the publication, the list “identif[ies] fast-growing franchise systems that also have staying power, as an antidote to multiple other rankings that include too many one-year wonders.” If you are thinking about buying one of these franchises, we encourage you to inquire about a franchise business review before you make your buying decision.
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Many franchise systems have franchisee associations. Some of these associations have open membership for all franchisees, while others form in response to a particular issue and with a specific goal in mind. Joining a franchisee association can have a variety of benefits, as franchise lawyer Jeffrey M. Goldstein explains.
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If you are planning to buy a franchise in 2022, you are not alone. The COVID-19 pandemic has forced many people to reconsider their priorities and explore new opportunities, and this has driven many to the world of franchising. In this article, we have collected some of our franchise law firm’s top free resources to create a comprehensive guide to buying a franchise in 2022.
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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.
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When buying a franchise, there are lots of reasons to rely on professional legal advice. If you decide to move forward, you will be making a substantial long-term investment; and, while you will have control of your own destiny to an extent, your ability to succeed will depend heavily on your franchisor’s infrastructure, systems and support. A franchise attorney can help you make informed decisions, and your attorney can also help you avoid signing away rights that you can (and should) keep.
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Entrepreneur Magazine recently released its list of The Hottest Franchise Categories of 2022. According to the article accompanying the list, “most of the categories we chose this year grew in reaction to new, pandemic-fueled needs. . . . But in 2022, we expect a lot of franchise growth to be driven by the need—or at least the desire—to get back to some semblance of ‘normal.’” In this article, franchise lawyer Jeffrey M. Goldstein shares his thoughts on Entrepreneur Magazine’s picks as well as some of his own insights on choosing a category to target as a prospective franchisee.
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