Q: Where do territory rights begin and end in my franchise?
A: In the vast majority of franchise relationships, the franchisor will grant some type of territory rights to the franchisee. These territory rights may be...
Category : Advice & Tips
Legal Aspects of Franchise Resales
How to conduct proper due diligence when purchasing a resale franchise By Joseph Adler, Hoffer Adler LLP The first question most, if not all, prospective...
Q: What are the main differences between a franchise and a license agreement—and which should I choose?
A: If you’re considering partnering with a recognized brand to establish a new retail business, or expand an existing one, you may be faced with...
Q: As a new franchisor, what type of support should I provide to my franchisees?
A: If you’ve decided to franchise your business, you may be wondering how much support you will need to provide to help your franchisees succeed....
Q: What do I need to know if I lease my franchise property directly from a landlord?
A: When a franchise is operated from a retail space (for example, a restaurant or a store), franchisees are generally faced with two options related...
Q: How important is your personal credit report when you look to finance your franchise?
A: Most lenders will require a credit check before making a decision on whether to extend credit for your franchise. How you’ve managed your personal...
How To Figure Out When You’ll Be Profitable as a New Franchisee (VIDEO)
How can a franchisee determine when they can expect to reach profitability? It’s a combination of following some comprehensive steps and ensuring a base understanding...
Q: What are non-competition and non-solicitation clauses?
A: Non-competition and non-solicitation clauses are common restrictive covenants in franchise agreements. That’s because non-competition clauses prohibit franchisees and their principals from operating a business...
Q: As a new franchisee, how do I figure out when I will be profitable?
A: When starting a new franchise venture, one of the main hurdles that a franchise owner may face is how to reach the point of...
What Provisions Should I Consider When Renewing My Franchise Agreement? (VIDEO)
When it comes time to renew a franchise agreement, entrepreneurs may be tempted to focus on the most pertinent costs including the franchise fee and...