What Are General Releases? When entering into a business relationship, it is important to consider the use of general (sometimes called legal) releases. A general release is a legally binding document in which one party (the releasor) agrees to waive their right to pursue further legal action against another party (the releasee), even if the … Read more
What is the Linux Law Firm? In short, it’s Reidel Law Firm! We are a law firm that is dedicated to providing the highest quality service to our clients in the franchise and international trade space while utilizing (nearly) only free and open-source software (FOSS). We believe in the power of FOSS to empower individuals … Read more
What Is the Role of a Franchisee? The learning curve for a franchisee is much lower than a startup founder. Benefits abound. Just look at any McDonald’s franchise for confirmation of this fact. But before you put an initial down payment on a particular business model, review this convenient roadmap. It will help guide you … Read more
Originally walking slowly towards the customs authority, Ray suddenly quickened his pace. The reason behind his change of gait was a welcome thought. “That’s right, I don’t have to pay duty fees!” Acting almost like a “merchandise passport,” ATA carnets aren’t necessarily mainstream knowledge. We aim to change that in the following article. By the … Read more
Liability of Franchise Brokers Franchise brokers are coming under increasing scrutiny for their activities as franchise sellers under state franchise regulation. The FranChoice lawsuits filed in 2019 became a major wake-up call for franchise brokers and the industry at large. With the increased potential for suits or regulatory oversight, it is essential for franchise brokers … Read more
“I’m sorry, I don’t speak legalese. Only English,” stated the perplexed entrepreneur. Prospective franchisees can sometimes be intimidated by a certain legal document. The “terrifying” uniform franchise disclosure document. But before entering into any business relationship using your John Hancock, there’s a diligence process to follow. We’ll outline this method here. Let’s start you down … Read more
OFAC (Office of Foreign Assets Control) heads the United States sanctions compliance program. As a part of the U.S. Treasury Department, they take a risk based approach in the search for red flags raised by an industry or nation. Besides their Specially Designated Nationals (SDN list) and Blocked Persons list, OFAC sanctions affect various entities. … Read more
There’s no doubt that lawyers and law firms which have embraced AI and legal tech are ahead of the curve. If you’re looking for an efficient way to run your business, work with lawyers and law firms who are using AI to their advantage. At Reidel Law Firm, we’ve been using AI for franchise agreement … Read more
When most people think of franchising, they think of fast food chains like McDonald’s and Burger King. But franchises come in all shapes and sizes, from car washes to wedding planners. In fact, there are more than 3,000 different types of franchises in the United States alone. So what is franchising? Simply put, franchising is … Read more
When you buy a franchise, you are buying the right to use a company’s name and its business model. In return for this license, you agree to pay the franchisor a fee. This is called a franchise fee, and it is one of the main sources of revenue for the franchisor. They can range from … Read more
