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New Franchise Policies that Impact Franchise Questionnaires are in effect as of January 1, 2023
On January 1, 2023, a new policy went into effect that will apply to franchisors that use franchise questionnaires as part of their franchise sales process. The North American Securities…
Is Your Chosen Auditor Legally Qualified to Perform the Audit?
With certain phase-in exceptions, federal and state franchise disclosure laws require that the FDD include an audited financial statement. Some regulators have started to verify an auditor’s…
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/
How to Get Out of a Franchise Agreement: Ultimate Guide
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). Keep…
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…
Buying an Existing Franchise: Everything You Need to Know
Congratulations! You have leaped into the world of franchising and buying an existing franchise. Here is how a franchise attorney can help you to prepare all the documents and solve legal issues. Do…
Do You Need a Franchise Contract Lawyer to Buy a Franchise?
Yes, you should enter into a contract agreement with a franchise attorney by your side. The particulars of the FDD and Franchise Agreement require someone who can understand the legalese and help you…