Author: Goldstein Law Firm

My Franchisor is Getting Bought Out—Should I Be Worried?

Apr 28, 2023 - Blog by |

While building a franchise system used to be a long-term endeavor, it is becoming increasingly common for companies to establish franchise systems in order to sell out and move on. We have seen several reports of franchisors selling relatively “young” systems in recent years; and while franchisor founders may say that their decisions are driven by doing what is best for their franchisees, the reality is that selling out offers both a substantial payday and the ability to avoid ongoing risk related to the operation and management of the franchise system.

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What Are Your Legal Rights as a Franchisee in Illinois?

Apr 21, 2023 - Blog by |

Illinois is one of relatively few U.S. states that have adopted both a franchise disclosure law and a franchise relationship law. These laws provide statutory protections to prospective and current franchisees; and, when franchisors violate these laws, franchisees have certain rights even if these rights are not spelled out in their franchise agreements.

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Does Your State Have a Franchise Law? If So, Why Does it Matter?

Apr 14, 2023 - Blog by |

If you have been exploring franchise opportunities, you have likely discovered that all franchisors have a Franchise Disclosure Document (FDD) that looks fairly similar. But do you know why this is the case? It isn’t because franchisors want to make disclosures or simply copy their competitors, but rather because the FDD is required under a set of federal regulations commonly known as the “FTC Franchise Rule.”

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IFA Releases 2023 Franchising Economic Outlook

Mar 17, 2023 - Blog by |

The International Franchise Association (IFA) recently released its 2023 Franchising Economic Outlook. Developed in partnership with FRANData, the Franchising Economic Outlook is the IFA’s “annual study . . . detailing the franchise sector’s performance for the past year and projected economic outlook for the year ahead, as well as an in-depth state outlook for all 50 states and Washington, D.C.”

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10 (Potential) Grounds to Sue Your Franchisor

Feb 28, 2023 - Blog by |

As a franchisee, there may come a time when you want to sue your franchisor. This can happen for a variety of reasons, and it can happen at virtually all stages of the franchise relationship. But, should you sue—and can you? Answering these questions requires the advice and representation of an experienced franchise attorney.

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How to Effectively Manage Risk as a Franchisee

Feb 21, 2023 - Blog by |

Just like owning any other type of business, owning a franchise entails a variety of risks. When buying a franchise, understanding these risks is important. Effective risk management is critical to franchisees’ success, and prospective franchisees must work with an experienced franchise lawyer to ensure that they are making informed decisions with their long-term interests in mind.

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What Are the “Hidden” Costs of Buying a Franchise?

Jan 31, 2023 - Blog by |

If you are thinking about buying a franchise, you are probably familiar with the main costs involved. You will need to pay an initial franchise fee when you sign the franchise agreement, and you will need to pay monthly (or weekly) royalties and advertising fees based on your gross revenue. But are there “hidden” costs you should be aware of as well?

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ACQ5 LAW AWARDS 2019

US (New York)
Franchise Lawyer
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ACQ5 GLOBAL AWARDS 2019, JEFF GOLDSTEIN, GOLDSTEIN LAW FIRM, PLLC

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US (New York)
Franchise Law Firm
of the Year
ACQ5 GLOBAL AWARDS 2019, GOLDSTEIN LAW FIRM, PLLC

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ACQ5 LAW AWARDS 2018

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Contact Us

Goldstein Law Firm, PLLC

1629 K St. NW, Suite 300,
Washington, DC 20006

Phone: 202-293-3947
Fax: 202-315-2514

Free Consultation

Downtown Chicago Office

30 South Wacker Drive 22nd Floor #3341,
Chicago, IL 60606

Phone: 312-382-8327

Free Consultation

Free Consultation