TELESEMINAR: Review and Negotiating Franchise Agreements, Part 2 – A National Perspective
April 9, 2014
12:00 – 1:00 p.m.
1.00 MCLE hours
Franchises seem to guarantee business success for clients. They take a proven national or regional business concept and brand, plant it in local soil, and watch it grow. The challenge for attorneys is to counsel clients about risk – the failure of a substantial number of franchises – and about the substantial costs and restrictions that go into buying and operating a franchise. There are issues of federal and state regulation, and vastly complex disclosure documents and franchise agreements. Working through the mass of information and properly judging risk/reward can be a daunting task. This program will provide you with a real world guide to the framework of franchise law, practical due diligence of franchise opportunities, and reviewing and negotiating the most important provisions of franchise agreements. Part 2 of 2.
- Major terms of franchise agreements and what’s truly negotiable/what’s not
- Scope of territory, rights within in it, and the opportunity to expand
- Understand the layers of fees, royalties and marketing expenses
- Operating standards and covenants – and opportunities for local variance
- Transfer and exit issues when a franchisee wants out
Harris J. Chernow, Chernow Kapustin, LLC, Philadelphia