When acquiring a franchise, understanding the value of the property involved is essential. The property’s valuation can significantly affect the franchise's overall financial health and future potential. It impacts both the purchase price and the long-term...
Franchise Law
What are the key steps to buying a franchise?
Buying a franchise can be an exciting business opportunity, but it requires careful planning and legal understanding. New Jersey has specific franchise laws that impact agreements, disclosures, and operations. Missing key steps can lead to financial risks and legal...
What happens if you break your franchise agreement?
A franchise agreement is a legal contract that outlines the terms between you and the franchisor. It includes the rights, responsibilities and obligations of both parties. However, there are several ways you may unintentionally breach the agreement. Common reasons...
How to protect your intellectual property when franchising
Protecting your intellectual property (IP) is key when you start franchising. New Jersey's Franchise Practices Act (NJFPA) helps protect your trademarks, trade secrets and brand image. Understanding and using these protections with legal help can significantly affect...
Franchise agreement misrepresentation and your legal options
When you invested in a franchise, you likely did so with high hopes and a sense of security. After all, franchisors are supposed to provide a proven business model and support to ensure your success. What if the promises made during the sales process turned out to be...
Navigating franchise lease negotiations: Why you need an attorney
Many aspiring franchise owners believe they can handle lease negotiations without legal assistance. However, large franchisers often exploit this misconception to gain leverage and maximize profits. Understanding the complexities of lease agreements is crucial, and...
Losing your franchise: Consequences of default
Imagine receiving a termination notice from your franchisor informing you that they are shutting down your business due to a default on your franchise agreement. The thought of losing your livelihood, reputation and years of hard work is daunting. Termination can...
The impact of technology on franchise operations
As technology evolves at a rapid pace, franchise businesses are increasingly integrating new technologies into their operations. This integration impacts various aspects of the franchise model, bringing both opportunities and legal challenges. It is important to...
Three things to watch for before finalizing a franchise agreement
Entering into a franchise agreement is a significant decision for any entrepreneur. This legal document will govern your relationship with the franchisor and impact your business for years to come. It is essential to approach this agreement with a critical eye and an...
3 questions for franchisees to consider
One option for opening a business is to start a franchise. Part of opening a franchise is entering into a franchise contract. If you’re in this position, you have to ensure that you’re working with the franchise that will help you meet your business goals. There are...