I was recently interviewed on the Texas Standard Radio program concerning the termination of 37 franchise restaurants owned by a single franchisee because of a rat infestation at one of its South Texas Burger King restaurants. Following is the report was done by Texas Standard reporter Sol Chase: In February, video of a rat infestation at a South Texas […]
Franchisors – Do You Ever Read Your Franchise Agreement?
I often reviewing franchise offerings for people thinking of buying franchises. And I also write the same kinds of franchise documents for franchisors. This has forced me to face the consequences of certain types of clauses and the ethical implications of those creative clauses designed to protect the franchisor client in all circumstance. So I […]
How to Use Your Franchise Lawyer Cost Effectively
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. […]
Buying a Franchise? Keep the end in mind…
The down side of franchising is the unpleasant way franchise relationships can end. When buying a franchise, typically neither the franchisor’s representative nor the prospective franchisee look at how the relationship might terminate—voluntarily or not. It is all about the positives and the prospect of independence as a business owner. Depending on the particular franchise […]
Can They Really Do That? Expectations Meet Franchising Realities
Following was originally posted on the Dallas Bar Association site. by Kat Tidd A franchise is not a magic word, it is a legal definition: license a trademark or permit substantial association with the trademark or trade name; accept payment of consideration; and provide significant assistance, control or other forms of ongoing support or a […]
