The right to rescind (or void) a contract is an extraordinary remedy. However, as franchise lawyers know, certain states provide franchisees a right to rescind a franchise agreement in certain
Continue Reading Unintended Consequences of Franchise Rescission RightsWhen a business is deciding to franchise its concept, the task “to-do” list is never-ending. Identifying the most critical issues and deciphering what are “necessities” vs. “nice-ities” for an emerging
Continue Reading Decoding the “Necessities” vs. “Nice-ities” for Emerging Franchise BrandsThe recent case of Rhine Enters v. Refresco Beverage out of the federal district court of the Southern District of Illinois should be a reminder to licensors and manufacturers
Continue Reading Recent Illinois Case A Reminder of Broad Scope of “Franchise Fee” ElementAs expected, the North American Securities Administrators Association (NASAA) announced last week that it voted to adopt a “Statement of Policy Regarding the Use of Franchise Questionnaires and Acknowledgements
Continue Reading NASAA Adopts New Franchise Questionnaire PolicyWith most non-essential businesses closed across the country, it is easy to forget we are two weeks away from the April 30th Franchise Disclosure Document (FDD) update deadline for franchisors
Continue Reading FDD Item 19 Financial Performance Representations in the Age of COVID-19
More and more states are launching online portals allowing franchise systems to file initial registrations, exemptions, renewals and amendment applications electronically. The Indiana Secretary of State, Securities Division launched the
Continue Reading Attention Franchise Filers! Indiana Goes Paperless on January 1st
The new year is often a time when successful entrepreneurs with thriving business concepts start looking to expand their brand using a franchise business model. Franchising is an excellent way
Continue Reading ‘Tis the Season to Launch that Franchise System?
In my recent experience, most franchise start-ups and emerging systems typically charge a technology fee or, at a minimum, reserve the right to charge a technology fee in the future.
Continue Reading How Do You Determine Your Franchise System’s Technology Fee?
The Pennsylvania Restaurant and Lodging Association provides many benefits to its hospitality industry members. One of those benefits is access to its interesting and useful webinar series. This month’s webinar
Continue Reading Online Reviews – Best Practices for Dealing with Yelp from Yelp!
The Philadelphia Chapter of the International Franchise Association’s Women’s Franchise Network hosted its annual summer meeting this past week. For those of you who do not know, the local chapters
Continue Reading Takeaways from the IFA Philadelphia International Franchise Association Summer Event at Rita’s Franchise Company