Rush on Business Podcast No. 4 is an interview with Joe Cooney of Frannet. Joe is a franchise coach in the Iowa / Nebraska region. Joe and I discussed several basics of buying a franchise including:
On Friday afternoon, March 2, at 4:30 p.m., I am interviewing Joe Cooney of Frannet on my BlogTalkRadio Host Channel. You can listen live or catch it later as a podcast available on this blog or BlogTalkRadio. You can even call the program if you would like to ask a question. The call-in number
Today I had a discussion with another attorney about the the pros and cons of franchising. We determined that while many business owners may think they want to franchise, it is often not the best alternative for their business. If you are interested in the topic you may want to check out this article on
Wiggin and Dana’s Franchise Law Blog has a discussion about the amended FTC rules for franchises. The new rules require franchisors to provide all potential franchisees with a disclosure document containing 23 specific items of information about the offered franchise, its officers, and other franchisees.
Required disclosure topics include, for example: the franchise’s litigation history
When reviewing the franchise agreement a prospective franchisee should pay careful attention to the territorial provisions contained in the agreement. It is important to protect yourself from territorial encroachment and competition from both the franchisor and other franchisees.
Territorial encroachment is a frequent complaint from franchisees. Usually this involves the franchisor granting a new franchisee
In its January issue, Entrepreneur Magazine published its Annual Franchise 500 for 2007. One of the more interesting articles in the issue had to do with conducting due diligence. As I recommended in a previous post the article discussed the importance of interviewing as many franchisees as possible in order to gain information about the
The core of this Iowa business and corporate law blog consists of six main categories found on the right hand side margin including incorporation and LLC formation, starting a business, franchise law, employment law, business litigation and buying and selling a business. I attempt to cover many of the basics
Franchise Law Blog reported that a group of Quiznos franchisees have filed a class action against the Denver based sandwich chain in Wisconsin. The lawsuit contends that the franchisor forces franchisees to buy food and supplies from Quiznos and affiliates at inflated prices while setting retail prices so low the franchisees cannot profit. The lawsuit
In December’s issue of Inc. Magazine, Norm Brodsky describes a paradox of successful negotiation. The less interest you have in doing a deal, the more likely you are to get one you’ll find difficult to refuse.
Brodsky is considering selling his businesses (records storage, secure document-shredding and delivery). He turned down an offer from
The time to hire a business attorney is before you get into legal trouble. It is much easier and more cost-effective to prevent problems rather than solve them. Further, if you do get into legal trouble it will be much easier to deal with the issues if you already have a solid relationship with
