I come from the Keep It Simple school of franchise law, and prefer to make franchising as uncomplicated as possible. But it is still not something you should jump into just because you think franchising is a fast way to grow or… Continue reading
… because franchise agreements can look just like credit card agreements.
I started reviewing and writing franchise agreements, even before I moved to Texas in 1989. When I first got here, franchise agreements seemed pretty balanced
Got a problem? Organize it. If you need help to accomplish your objectives, you need to be able to explain it clearly and completely. If you can’t articulate the problem and how it developed, you force your attorney to extract it from you. That takes time and time is money. So do your homework.
1. Need a problem solved? Can you tell your story in a logical way? Outline… Continue reading
Whether buying or selling, there are two schools of thought: 1. Being a franchise is good; or 2. Being a franchise is bad.
Why good? It has become a more understood method of expansion. It is true, you can grow a business using other people’s money. You can buy a “proven” concept with support and know how—if you do your homework and apply critical judgment. There is a network of… Continue reading
Last week an online article was published about McDonald’s aggressive actions to stay ahead of consumer trends by being willing to continually implement both change and innovation. These are attributes that can certainly benefit small businesses and franchised businesses as well… Continue reading