The Entrepreneurial Lawyer’s Blog

Viewing posts for the category Franchising

April 3, 2017

Franchisees—Understanding Your Exit Strategy

You need an exit strategy. It’s as plain as day, yet most new franchisees never address the idea of leaving their business one day. All the excitement centers on opening and growing. It’s a different, but mandatory, approach to open their franchise unit with the end in mind.

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March 28, 2017

Choosing Which Law to Use When Creating Your Franchise Agreement

It might sound funny to read, “Choose which law you want to enforce,” but for franchises expanding outside of their state of origin, there comes a moment when a franchisor needs to choose which law to apply in the FDD. This isn’t an arbitrary look at the laws governing a state. Instead it’s a moment of conflict, weighing the franchisor’s home state law against the state law where they are expanding their enterprise.

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February 21, 2017

Are Public Figures an Asset to Your Franchise?

We’ve all taken note when a celebrity comes to the stage for a product. How could you forget the iconic Air Jordans that dominated streets in the 80s and 90s? Every time you pass Chanel at the mall, images of Nicole Kidman in a stunning pink gown running through the streets of New York come to mind. Recently you might have even given Wild Turkey’s bourbon a second chance based on Matthew McConaughey’s behind-the-scenes look at the distillery. 

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February 10, 2017

Marijuana Franchises in California? Think Again

California’s recent legalization of recreational marijuana caused a giant stir in the business world. With any high-growth industry, entrepreneurs are forming what’s being referred to as the “green rush” to stake roots in the country’s most populous state. Some would argue it’s the most motivated effort we’ve seen from this community since the sixties. 

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