A franchise contract is a long-term arrangement that sets forth the rights and obligations of franchisee and franchisor in the operation of a franchised business. A prospect need not pay great attention to its terms until proper due diligence investigating an opportunity has been done.
It’s important that franchisors and franchisees maintain a sense of balance when it comes to franchisee growth. While some franchisees want more territory and some franchisors are more than willing to accommodate this request, it’s important that this growth be carefully controlled.
Ramada Worldwide Inc. sued former franchisees in federal court in New Jersey for liquidated damages and damages for past due fees in connection with the premature termination of the franchise agreements.
Alan Siegel, one of the leading authorities on branding and business communication, reminds businesses and the legal community of the need to communicate in plain English.
Franchisees often find that they have been wronged by their franchisor, but are unable to pursue relief because they signed a general release of all claims against the franchisor.
So you are not happy with your franchise and you are thinking about changing flags? Really??? It is a conversation and a personalized reality check that I have with many clients each and every year.
WASHINGTON — On August 10 President Barack Obama signed the Speech Act, which shields American journalists, publishers (both print and online) and bloggers from “libel tourism,&rdquo
LEXINGTON, Ky.—Hotel and motel industry expert and attorney Mr. Onkar Sharma spoke with this journal last month in Lexington on how franchisees are now in a very strong position to renegotiate terms with their franchisors and lenders.
