Checklist: To-Dos Before Buying a Franchise in New York

Feb 22, 2024 - Blog by |

Buying a franchise is a multi-step process that requires careful planning, foresight and informed decision-making. While a franchise can be a good investment, there are no guarantees, and starting out on the wrong foot can make it much more difficult to build a successful and sustainable business. In this article, New York franchise lawyer Jeffrey M. Goldstein provides an overview of the franchise buying process.

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10 Common Issues in Franchisor-Franchisee Disputes

Feb 15, 2024 - Blog by |

Disputes between franchisors and their franchisees can involve a wide range of issues. As a franchisee, it is important to be aware of these issues so that you know when legal action may be necessary to protect your franchise. When these issues arise, informed decision-making is critical, and this makes it important to speak with an experienced franchise attorney as soon as possible.

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Robots and Artificial Intelligence (AI): What Franchisees Need to Know When Their Franchisors Adopt New Technologies

Jan 31, 2024 - Blog by |

Artificial intelligence (AI) is officially here. In 2024, we anticipate that franchisors in a wide range of industries will seek to adopt AI technologies in various capacities—whether they fully understand AI’s capabilities and implications or not. Some franchisors are also turning to robots to streamline their operations, and this is a trend that we expect to see continue throughout the year as well.

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Should You Start a Franchise as a Side Hustle in Chicago?

Jan 24, 2024 - Blog by |

Many people buy their first franchise after getting fed up with their jobs. They get tired of working for someone else, and they decide that they are willing to take the risk of quitting in order to try something new. But this approach isn’t right for everyone. If you aren’t ready to quit your job—at least not yet—you might be thinking about starting a franchise as a side hustle. Here, Chicago franchise attorney Jeffrey M. Goldstein explains what you need to know.

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Mediation vs. Arbitration: Preparing for ADR with Your Franchisor

Jan 17, 2024 - Blog by |

If you own a franchise, any disputes that arise between you and your franchisor will be subject to the terms of your franchise agreement. Most likely, this means that your dispute will be subject to mandatory mediation or arbitration—or perhaps both. As franchise lawyer Jeffrey M. Goldstein explains, while these forms of alternative dispute resolution (ADR) are supposed to be neutral, there’s a reason why franchisors almost universally require ADR.

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What is the Most Important Clause in Your Franchise Agreement?

Dec 22, 2023 - Blog by |

When you are going through the process of buying a franchise, it is critical to review the franchise agreement. Not only will the franchise agreement govern your relationship with your franchisor, but it will also dictate what happens if something goes wrong. Will you be required to use designated suppliers (even if you can find lower prices elsewhere)? What will you need to do in order to renew? Will you be required to arbitrate in the franchisor’s home state in the event of a dispute? Will you be liable for liquidated damages if the relationship ends prematurely?

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Should You Buy a Seasonal Franchise?

Nov 23, 2023 - Blog by |

From stores that sell Halloween costumes to stores that sell winter holiday décor, we see lots of seasonal businesses pop up this time of year. Recently, we have seen a trend of businesses offering holiday decorating services as well. Many of these stores are franchised outlets. If you are interested in owning a holiday-centric business, is a seasonal franchise right for you? Here are 10 key considerations from franchise lawyer Jeffrey M. Goldstein.

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