Franchisor obtains $2,064,735.75 arbitration award against failed area developer.

In an arbitration decision handed down by the American Arbitration Association, Rita’s Franchise Company, LLC obtained an award against a Washington state area developer for $2,064,735.75, consisting of damages of $738,892.27 to date of hearing, counsel fees of $1,012,565.92, and reimbursement of costs. The award

Contributed by Alexander S. Radus

As part of its recent 2014 Annual Conference, the North American Securities Administrator’s Association, Inc. (“NASAA”) formally adopted the Franchise Multi-Unit Commentary (the “Commentary”). The Commentary provides practical guidance for disclosing multi-unit franchising arrangements, which the NASAA and Federal Trade Commission had not previously addressed.  The date of adoption by