Should I have an Item 19 (Financial Performance Representations) in my FDD?
If you are looking for a one word answer, then it is YES. You should have a Financial Performance Representation, or Item 19, in your Franchise Disclosure Document. The FPR is the first step in the…
I am interested in buying an existing franchise
Congratulations! You have made the leap into the world of franchising, and have decided to buy a franchise. A franchise lawyer will help you every step of the way in deciding whether or not to buy a…
Do I need a franchise attorney to conduct an FDD and Franchise Agreement Review before buying a franchise?
Yes, you should enter into a contract agreement without a franchise attorney by your side. Although there are many great lawyers in the world, and you may even be related to or good friends with…
Can you own more than one franchise?
You have probably heard the phrase “there is safety in numbers.” And this is true, even if you are talking about numbers of franchises. A clever business person can certainly own more than one…
How can a franchise attorney help with a retail commercial lease negotiation?
If you want to open a retail franchise, you will likely need to lease some commercial space. And as with anything, you will want to get the best terms for your deal that you can. Hiring a seasoned…
What are the benefits of having an Item 19 (Financial Performance Representations) in my FDD?
No one wants to air their dirty laundry in public, but having an accurate Financial Performance Representation in your Franchise Disclosure Documents will help your franchise rather than hurt it. You…
How are franchise lawyers different from general business lawyers?
Although you might be tempted to scrimp on a lawyer because you are already sinking so much money into buying a franchise, this is not a good idea. As the old saying goes, you get what you pay…
What do franchisee attorneys do?
Franchise attorneys are with you every step of the way to protect you if you are thinking about buying into a franchise. When purchasing a franchise and signing an agreement to uphold the procedures…
What are the benefits of franchising my business?
Once you hit on the successful business model and you are experiencing some success in whatever business you have created, from food to eyelashes, it is time to look into franchising it. The benefits…