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Bundy Law Firm PLLC

Buying a Franchise – Watch the Statute of Limitations

Every franchisee, at the beginning, goes through a “honeymoon” period that can last a few years. That phase can have a very dangerous side-effect of causing you to be unable to successfully make a claim if the franchisor did something wrong. It is very important when buying a franchise that you watch the statute of limitations.

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Bundy Law Firm PLLC

Buying a Franchise Similar to Your Existing Business–Beware!

Buying a franchise in the same industry you already have a business in can be a very risky decision. Let’s say you have a current customer base that generates you $10,000 a month in gross revenue, of which $3,000 drops to the bottom line. You receive a solicitation from a very charming franchise “consultant” offering you a franchise with a “known name”, “group buying power”, “proven systems” and all the training an support you could dream of. Should you buy?

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Bundy Law Firm PLLC

New Developments–CA Assembly Advances Fair Franchising Bill

Perhaps it is a response to a growing perception that franchise agreements have been growing increasingly lopsided-just a tiny step above the indentured servitude of the middle ages-or perhaps it is pandering to the franchisees who showed up in Sacramento in droves to testify, but the Assembly of the California legislature today took one step toward passing a state fair franchising law.

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Bundy Law Firm PLLC

Franchise Dispute Resolution – Arbitration

Many franchisors include an arbitration clause in their franchise agreements to govern franchise dispute resolution. This requires both parties to take any disputes to arbitration instead of to court.

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Bundy Law Firm PLLC

5 Things Every Franchisee Should Do Before Buying A Franchise

Buying a franchise may be the biggest financial investment you ever make. When it works, you have the chance to own and operate your own business with the added advantage of a partnering with an established company with name recognition, a successful business model, and high quality products or services.

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