10 Common Issues in Franchisor-Franchisee Disputes
Feb 15, 2024 - Blog by Goldstein Law Firm |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.
Robots and Artificial Intelligence (AI): What Franchisees Need to Know When Their Franchisors Adopt New Technologies
Jan 31, 2024 - Blog by Goldstein Law Firm |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.
Should You Start a Franchise as a Side Hustle in Chicago?
Jan 24, 2024 - Blog by Goldstein Law Firm |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.
Mediation vs. Arbitration: Preparing for ADR with Your Franchisor
Jan 17, 2024 - Blog by Goldstein Law Firm |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.
2023 Year in Review: What Lessons Can Franchisees Carry Into 2024?
Dec 29, 2023 - Blog by Goldstein Law Firm |Each year, we publish lots of articles for franchisees on our blog. We know that being a franchisee can be hard, and we want to make sure that those who need legal help are able to make informed decisions about their next steps. While some of our articles are relevant to a specific point in time, most are designed to serve as resources for years to come.
What is the Most Important Clause in Your Franchise Agreement?
Dec 22, 2023 - Blog by Goldstein Law Firm |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?
Buying a Franchise in 2024: What Do Prospective Franchisees Need to Know?
Dec 15, 2023 - Blog by Goldstein Law Firm |So, you’re thinking about buying a franchise in 2024. What do you need to know? Buying a franchise is a major investment with significant legal financial implications—so it is critical that you make an informed buying decision. Here are some key insights from franchise attorney Jeffrey M. Goldstein.
When is a Franchisor Liable for Encroachment?
Nov 30, 2023 - Blog by Goldstein Law Firm |For many franchisees, territorial protections are essential to their profitability. Facing competition from multiple businesses serving potential clients or customers both in person and remotely, franchisees need to know that they will not face additional competition from within their own brands.
Should You Buy a Seasonal Franchise?
Nov 23, 2023 - Blog by Goldstein Law Firm |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.
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.