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One of my franchisees wants to sell their business. What should I do, and what should I avoid?
Franchisors expect franchisees to remain in their system. The franchise relationship is built through significant effort by both franchisors and franchisees over a long period of time. Franchise…
Can I Show the Super Bowl at my Brewery?
Sounds simple enough right? Just wipe down the bar, turn on the TV, and watch your beloved craft patrons flow in while your taps flow out. Like most things in life, it isn’t that simple and there are…
Did you know that your fiscal year can affect your franchise sales?
Check out our latest franchise question to find out why: https://drummlaw.com/blog/franchise-question/choosing-a-fiscal-year-end-for-your-franchise-company/
Franchise terminations and non-renewals. What do I need to know as the franchisor and franchisee?
They say all good things must come to an end. Unfortunately that plays true to many franchise relationships as well (though if it’s ending, it may not have been all that good to begin with).…
The franchisee breached their agreement. Now what? The default seems plain enough, so why would I need a lawyer’s help?
So, your franchisee has breached the terms of their franchise agreement. What do you do next? While their breach may be cause for termination, you shouldn’t rush into any conclusions. Otherwise, you…
The Importance of Franchise Record Keeping
Why Do I Need to Keep Records? Keeping records gives you an additional reason to check and make sure that the documents are properly completed and fully executed. If a dispute arises, incomplete…
Mistakes to Avoid as a Franchisor
There is enough advice out there for franchisors to fill many books. But we have a few hints from another perspective. Our corporate department at Drumm Law often gets called in to help franchisor…
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…