The Entrepreneurial Lawyer’s Blog

Viewing posts for the category Franchising

April 25, 2018

How to Run a Productive Discovery Day

The term “Discovery Day” can be a bit misleading. While there is certainly an element of discovery in a prospective franchisee visiting your company and meeting stakeholders for the first time, Discovery Day is meant more to be the final step toward signing an agreement. You should go into it expecting to conclude with something along the lines of, “I’ll be sending out the final agreement tomorrow. We can then coordinate a signing time and begin the onboarding process.”


April 23, 2018

6 Discussions That Should Take Place Before Discovery Day

Think you’ve found a qualified and serious franchisee? Fantastic. The next step is to host a Discovery Day, where you will give this person an inside glimpse at running a franchise of your company and, ideally, conclude the day with a verbal confirmation that you will send them a final agreement to sign and become a franchise owner.


October 5, 2017

Covenant to Non-Compete: What are the Rules?

As a general rule of thumb, every franchisor will want to build a non-compete into their Franchise Disclosure Document (FDD). Once you give a franchisee the complete playbook to running and operating your successful business model, you don’t want them to turn around and start running their own offshoot. Which is where the non-compete comes in. It protects you.