Before investing in or starting automotive franchises, education is key. It’s also important to understand the local market and competition. And potential legal issues related to opening this franchise. Our goal is to address your potential questions and provide simple answers. What Are Car and Automotive Franchises and How Do They Work? Franchise opportunities abound … Read more
Introduction to Release of Claims A release of claims agreement is a legally binding contract that prevents disputes after a settlement, allowing parties to resolve conflicts quickly and efficiently. This agreement is essential for managing liabilities and facilitating compensation to claimants. For instance, in the aftermath of the 2010 Deepwater Horizon oil spill, thousands of … 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
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
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 it comes to starting your own business, many people think that the only option is to go it alone. However, this isn’t always the case. There are many franchise opportunities for those who are looking to be their own boss without all of the risk. Franchise owners can cut through much of the stressful … Read more
The grand opening was going spectacularly well. Lined up two rows deep, waiting customers didn’t know Dale personally. But what they did know was the familiar logo on the large sign visible from downtown. As a franchisor, this is the picture you hope each new franchisee experiences. But before revenue starts flowing, it’s worth making … Read more
Excitement runs high when operating your very first franchise. But as time goes on, hiccups may dim the light you initially felt. This is normal and shouldn’t lead to frustration. Knowing some hidden tidbits your franchisor may have missed during early talks can help. By the end of your reading expect your light to once … Read more
