Is 2022 the Year of AI in Franchising?
Jan 21, 2022 - Blog by Goldstein Law Firm |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.
These are the Franchise Times’ “Smartest-Growing” Franchises in 2022
Jan 19, 2022 - Blog by Goldstein Law Firm |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.
What Are the Benefits of Joining a Franchisee Association?
Jan 14, 2022 - Blog by Goldstein Law Firm |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.
Guide to Buying a Franchise in 2022
Dec 31, 2021 - Blog by Goldstein Law Firm |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.
2021 Year In Review: What Did We Learn About the Franchise Industry?
Dec 29, 2021 - Blog by Goldstein Law Firm |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.
Top 5 Reasons NOT to Sign a Franchise Agreement Without an Attorney
Dec 24, 2021 - Blog by Goldstein Law Firm |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.
Should You Buy a “Hot” Franchise in 2022?
Dec 22, 2021 - Blog by Goldstein Law Firm |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.
What are Post-Termination Obligations in Franchising?
Dec 17, 2021 - Blog by Goldstein Law Firm |Buying a franchise is a long-term commitment. As a franchisee, not only are you required to comply with the terms of your franchise agreement (and the operations manual) for the duration of your franchise, but you will likely be required to comply with various post-termination obligations as well. National franchisee lawyer Jeffrey M. Goldstein explains.
Is a Franchise Operations Manual Legally Binding?
Dec 15, 2021 - Blog by Goldstein Law Firm |As a franchisee, there are two main documents that tell you what you can and can’t do: the franchise agreement and the operations manual. You signed the franchise agreement when you purchased your franchise, so you know it’s binding. But, what about the operations manual? National franchisee attorney Jeffrey M. Goldstein explains.
Understanding Your Franchise Agreement – Part 3
Nov 30, 2021 - Blog by Goldstein Law Firm |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.