Howard Bundy and Caroline Fichter have been selected as the 2021 Franchise Times Legal Eagles
Franchise Times Names Howard Bundy and Caroline Fichter 2021 Legal Eagles
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Bundy Law Firm
Beware of “help” with strings attached
The most valuable thing they can demand and that they are willing to “defer” fees for almost any time is a waiver and release of any and all claims. Be sure you understand that trade-off and beware of “help” with strings attached.
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 receipt...
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...
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...
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...
Franchisees should never use business computer for personal matters
It is best if the franchisor, your employees and vendors do not even have your personal email address. In most cases, using a personal address for business purposes is a breach of your agreement. In all cases, co-mingling the accounts could result in the franchisor demanding access to your personal account, especially if there is ever a disagreement.
