What Not To Do if You Are In a Dispute with Your Franchisor
Nov 16, 2023 - Blog by Goldstein Law Firm |As a franchisee, facing a dispute with your franchisor can be a stressful and frustrating situation. But it is important not to lose your cool. You need to be careful to protect yourself—and while this means taking certain steps, it means avoiding several potentially costly mistakes as well.
What Is a Franchise?
Oct 31, 2023 - Franchise Articles by Goldstein Law Firm |We write a lot about franchising on our blog. Over the years, we’ve covered topics ranging from what you need to know before buying a franchise to what you can expect during a dispute with your franchisor. But there’s one question that we’ve never answered directly.
Should You Buy a “Breakout” Franchise?
Oct 24, 2023 - Franchise Articles by Goldstein Law Firm |The Franchise Times recently published a list of its “Breakout Brands” in franchising. The list highlights a handful of concepts that are “[b]eginning their journey up the annual Franchise Times [Top 400] ranking” after they “turned in notable performances in 2022.” If you are thinking about buying a franchise, should you put a “breakout” concept on your list? Here are some key considerations from national franchise attorney Jeffrey M. Goldstein.
What Do You Need to Know Before Buying a Franchise?
Oct 17, 2023 - Franchise Articles by Goldstein Law Firm |Buying a franchise is a big deal. It is a major investment, and if you will be running the business, your franchise will soon consume your daily life. As a result, informed decision-making is critical. So, what do you need to know before you buy?
10 Key Franchise Agreement Terms When Facing a Dispute with Your Franchisor
Sep 29, 2023 - Franchise Articles by Goldstein Law Firm |When you get into a dispute with your franchisor, your legal rights are determined largely (though not entirely) by the terms of your franchise agreement. During a dispute, some franchise agreement terms are more important than others, and knowing which terms apply—and how they apply—is critical for making informed decisions. In this article, franchisee lawyer Jeffrey M. Goldstein discusses 10 key franchise agreement terms when facing a dispute with your franchisor.
The In-Between: Protecting Yourself Between Signing a Franchise Agreement and Opening for Business
Sep 22, 2023 - Franchise Articles by Goldstein Law Firm |Many franchise agreements contain a very important clause that is easy to overlook if you aren’t careful. This clause—which may or may not be clearly labeled—specifies the amount of time that the franchisee has to open for business.
So, You Want to Open a Hotel . . .
Sep 15, 2023 - Franchise Articles by Goldstein Law Firm |Lots of people dream of owning a hotel. Each morning, you wake up, have a cup of coffee, and take in the view while your guests come down for breakfast. With a great location, you have reliable revenue, and you are growing an asset that you will one day be able to sell to fund a very comfortable retirement.
What Are Your Legal Rights As a Franchisee?
Aug 31, 2023 - Blog by Goldstein Law Firm |“What are my legal rights as a franchisee?” As a franchisee law firm, we hear this question all the time. Most often, it comes from individual franchisees who are struggling to get by and who want to know what options they have—if any—to try to protect their investment.
How To Deal with Being Labeled a “Problem Franchisee”
Aug 24, 2023 - Blog by Goldstein Law Firm |As a franchisee, maintaining a good working relationship with your franchisor is important. It’s important for managing the stress of franchise ownership, it’s important for maintaining good lines of communication, and it’s important for managing your risk. If you get labeled a “problem franchisee,” not only can everything become much more difficult, but it can also put your franchise (and possibly your finances) in jeopardy.
What Makes You a “Good” Candidate for a Franchise?
Aug 17, 2023 - Blog by Goldstein Law Firm |As a prospective franchisee, you want to put your best foot forward. Once you do your preliminary research and decide on the franchise concept you want to pursue, you want to make sure you give yourself the best chance possible to move forward with an acquisition. While some franchisors are desperate for franchisees, these probably aren’t the franchisors you want to consider (at least not without being very careful). On the other hand, if a franchisor only has a select few desirable territories left in your area, you will want to do everything you can to make sure you don’t miss out on a good opportunity.