How Not to Regret Your Franchise Purchase
Aug 16, 2024 - Blog by Goldstein Law Firm |If you are thinking about buying a franchise, how can you make sure you don’t regret your franchise purchase? This is a critical question that far too many prospective franchisees fail to take seriously. Buying a franchise requires a substantial investment that you can lose if your business isn’t successful, and even after you lose your investment, you can still find yourself facing claims from your former franchisor for lost future royalties. So, how can you ensure that you are making a sound decision? National franchise lawyer Jeffrey M. Goldstein explains.
How to Avoid Costly Mistakes as a Prospective Franchisee
Jul 31, 2024 - Blog by Goldstein Law Firm |If you are thinking about buying a franchise, you need to be sure to avoid costly mistakes. While buying a franchise can be a good investment, franchises can—and do—fail. Ultimately, it is up to you to decide what you want to do; and, while this can be daunting, there are clear steps you can take to help maximize your chances of success. Here are some tips from national franchise attorney Jeffrey M. Goldstein.
Pennsylvania Doesn’t Have a Franchise Law—What Does This Mean for Franchisees?
Jul 24, 2024 - Blog by Goldstein Law Firm |Like many states, Pennsylvania has not enacted a franchise law that protects franchisees. If you are thinking about buying a franchise in the Commonwealth, what does this mean for you? Pennsylvania franchise lawyer Jeffrey M. Goldstein explains.
Franchise Broker vs. Franchise Consultant vs. Franchise Lawyer: What You Need to Know
Jul 17, 2024 - Blog by Goldstein Law Firm |When you are buying a franchise, there are people who want to help you, and there are people who can offer the help you really need. It is important to be able to distinguish between the two—not only to avoid wasting money that would be better invested elsewhere, but also to ensure that you are making an informed buying decision. While distinguishing between franchise brokers, franchise consultants and franchise lawyers is confusing for many prospective franchisees, there are clear (and important) differences between them. Here’s what you need to know.
I’m a Dissatisfied Franchisee in New York—Can I Rescind My Franchise Agreement?
Jun 28, 2024 - Blog by Goldstein Law Firm |If you are dissatisfied with your franchise purchase, you are not alone. While some franchisees are able to find success, many franchises fail—and a significant percentage do so within the first two years of ownership. In this scenario, what options do you have available? Can you rescind your franchise agreement? New York franchise attorney Jeffrey M. Goldstein explains.
Should You Buy an “Emerging” Franchise?
Jun 21, 2024 - Blog by Goldstein Law Firm |Entrepreneur.com recently released its 2024 Top New & Emerging Franchises Ranking. As the online publication explains, this is its list of the “top companies that have been franchising for five years or less.” If you are thinking about buying a franchise, should you consider an “emerging” brand? National franchise attorney Jeffrey M. Goldstein shares his thoughts.
What if a Franchisor Doesn’t Have a Registered Trademark?
Jun 14, 2024 - Blog by Goldstein Law Firm |When you buy a franchise, you are paying for three main things: (i) the right to rely on the franchisor’s experience and expertise, (ii) the right to use the franchisor’s system, and (iii) the right to use the franchisor’s trademark. So, what if the franchisor’s trademark isn’t registered? While unregistered trademarks still have value, their value is limited—and this is a factor that is worth considering during the franchise buying process. National franchise lawyer Jeffrey M. Goldstein explains.
How Much Freedom Will You Really Have as a Franchisee in New York?
May 31, 2024 - Blog by Goldstein Law Firm |One of the primary reasons why people consider franchise ownership is because they want to restore more freedom in their daily lives. Rather than going to work when their boss tells them to, they want to be the boss—and they want to decide how and when things should be done. But how much freedom can you really expect as a franchisee? New York franchise lawyer Jeffrey M. Goldstein explains.
Buying a Franchise: 7 Tips for Preparing for Your Discovery Day
May 24, 2024 - Blog by Goldstein Law Firm |When you are trying to decide on a franchise, one of the most important steps in the process is your “discovery day.” This is when you spend a day (or more) at the franchisor’s headquarters, meeting the company’s executives and getting a hands-on experience of the brand. You will be paying for your trip, and it will take time that you could be devoting to other activities, so it is important to make sure you get the most out of the process. Here are some tips from national franchisee lawyer Jeffrey M. Goldstein.
What Does the FTC’s New Noncompete Rule Mean for Franchisees?
May 10, 2024 - Blog by Goldstein Law Firm |On April 23, 2024, the U.S. Federal Trade Commission (FTC) announced that it is “banning noncompetes” in the United States. In its announcement, the FTC quotes Chair Lina M. Khan as saying, “The FTC’s final rule to ban noncompetes will ensure Americans have the freedom to pursue a new job, start a new business, or bring a new idea to market.” While this may initially sound like good news for franchisees, the FTC’s “ban” on noncompetes isn’t as broad as it seems—as national franchise attorney Jeffrey M. Goldstein explains.
