Blog
What Is A Personal Guarantee-Why You Should Think Before You Sign
Franchisors require virtually every person who buys a franchise to sign a personal guarantee, even if you plan to operate the franchise through a corporation or limited liability company. You should think twice (or more) before signing a personal guarantee. A personal...
Some Key Business Issues In Buying A Franchise
Franchising is a popular way for people who identify as entrepreneurs to start their own businesses. Ideally, franchisees benefit from the support and established brand of an existing company. However, buying a franchise is not without its challenges. In this blog,...
Partner Danger: You Are Liable for Your Partner’s Fraud (Even if You Don’t Know About It)
On February 22, 2023, the United States Supreme Court clarified that if your partner commits fraud and becomes liable for damages, you, as a partner, are also liable. Most importantly, the damages may not be dischargeable in bankruptcy. In other words, you may not...
Independent Business or Franchise?
You may wonder whether it is better for you to start an independent business or buy a franchise. The franchise lawyers at Bundy & Fichter PLLC may be able to help you in making your decision. Starting an independent business may be better than buying a franchise,...
Don’t Use the Business Computer for Personal Matters
As a franchisee, you should 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 on it. If you email your...
Doing business with friends or family
If you decide to go into business with a friend or family member, you should think twice and then get your deal documented better than you would need to with a stranger. As with most of our blogs, this was preceded by another “typical” call from a real client or...
Do You Need To Get Out Of A Franchise Agreement?
Are you a franchisee considering terminating your franchise agreement or otherwise looking for a way out? You may be wondering what your options are and how to proceed. This can be a complex and delicate matter, but our team at Bundy & Fichter Law Firm is here to...
Burgerim from Industry Darling to Horror Story
In less than two years, Burgerim went from industry darling to horror story. Just before Christmas 2019, Burgerim, a rapidly growing franchisor, announced that it had hired a restructuring manager and was considering filing for bankruptcy. Days later, the...
Franchise Validation or Due Diligence.
Due diligence means gathering information to help you make an informed decision about whether to invest in a franchise. For prospective franchisees, one of the best ways to learn about a franchise is to speak with current franchisees. Franchisors are required to list...