beware of “help” with strings attached
Beware of “help” with strings attached
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Franchise and Business Law Blog
When Buying a Franchise–5 Key Things To Look For
In evaluating and buying a franchise, there are many things you should consider. Not every franchise is a good investment. You should analyze any franchise offering carefully and make sure it does not contain one or more bad provisions that are inconsistent with what...
Beware of Boilerplate Disclaimers
If you are considering buying a franchise, you should beware of boilerplate disclaimers. They come in many forms. Some are buried in the fine print near the back of a thirty-page franchise agreement. Many are duplicated in a separate document back near the...
Best Practices-New Accounting Rules Are Delayed (Tentatively)
The Financial Accounting Standards Board (FASB) met on April 8, 2020 and agreed to delay the effective date of the modified Rule 606, which changed the way companies recognized revenues. In effect, the extension would be for one year. However, the extended effective...
How to Survive a Pandemic: Tips for franchisees
Over the last few weeks, franchisees across the country have been faced with challenges no one ever imagined. Franchisees operate in some of the hardest hit businesses including fitness, food service, and health and beauty. Whether your business has suffered from a...
Best Practices – Franchisors Must Adjust to New Accounting Rules
Following best practices, franchisors must adjust to new accounting rules, which take effect for reporting years beginning January 1, 2019 for most franchisors. Publicly traded franchisors were required to comply for reporting years beginning January 1, 2018.The...
Yes, You Do Need to Get Your FDD Reviewed When Buying a Franchise
Do you wonder whether there is value in hiring a franchisee attorney to review your Franchise Disclosure Document (FDD) before you commit to buying a franchise? Every prospective franchise asks that question. The question is legitimate. The answer is a resounding...
When buying a franchise, you should beware of "freedom of contract". Freedom of contract is a bedrock concept of the legal system. It presumes that every person understands every word of every contract and that their "self-interest" will cause them to not sign unfair...
Buying a Franchise – Beware of Freedom of Contract
When buying a franchise, you should beware of "freedom of contract". Freedom of contract is a bedrock concept of the legal system. It presumes that every person understands every word of every contract and that their "self-interest" will cause them to not sign unfair...
Best Practices – Don’t Use the Computer for Personal Matters
If you follow best practices as a franchisee, you will never use the computer for personal matters. It is tempting and far more convenient, but extremely dangerous. Most franchise agreements give the franchisor "unfettered" access to your computer and all information...
