Association Negotiation
Worked with franchisee association in renegotiating terms of franchise agreement for entire system, allowing for greater cooperation with franchisor.
Franchise-Specific Issues
When buying or selling a franchise, there are a number of franchise-specific issues to consider, including, among other things:
- Obtaining franchisor approval of the buyer;
- Obtaining franchisor approval of terms of the purchase agreement;
- Potentially giving a right of first refusal to the franchisor;
- Transfer fees and the question of whether paid by buyer and/or seller; and
- Requirement that buyer enter into franchise agreement with franchisor.
These are some of the reasons that you should work with franchise lawyers when buying or selling a franchised business.
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Lawyers Who Care
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Successful Representation
The firm works with clients throughout the country to ask and answer critical questions before buying a franchise, including:
- Is the franchisor in good health?
- Has the franchisor had experience in your part of the country?
- Is the business subject to special regulation?
- Are the trademarks good?
- Is their history of litigation particularly bad or does it tell a particular story?
- How confident are you that you are cut out for this business?
- Have you talked to existing franchisees?
- Do you understand the franchisor’s obligation to provide training and support?
We have successfully represented clients buying and selling franchises, including multi-unit franchisees selling for more than $10 million and smaller single unit franchises for less than $50,000. We tailor our work to the deal and find a balance between efficient and thorough representation. Read some of our testimonials below.
Results
Startup Helper
Assisted new brewery client to form business entity, comply with securities laws, register trademarks, and negotiate lease.
Selling a Cannabusiness
Litigated and helped resolve an internal shareholder dispute about ownership of a cannabis business.
Testimonial
Elliot Ginsburg has been representing my edibles business in Minnesota since it became legal to sell low-dose hemp edibles. He’s been wonderful to work with and I would highly recommend him to other cannabis businesses. He is quick to respond and will email cannabis law updates that he finds are pertinent to my business.
-Ranelle Kirchner