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When embarking on a joint business venture such as a franchise, it is in the best interests of all parties to keep conflict to a minimum. At the end of the day, disagreements can cost both parties money. Unfortunately, conflicts do occur, and they have the potential...
When it came to marketing toward minorities and minority owners, McDonald’s was one franchisor that took the lead, particularly among the Black community. Black entrepreneurs welcomed the attention and the opportunities presented by McDonalds. They bought into the...
Every business venture has an element of risk involved – even a franchise agreement with a well-known brand. Opening a franchise may have seemed like a real shortcut to success but everything from the wrong business location to changes in the economic situation of the...
Conflicts among partners are almost inevitable due to the ups and downs of doing business. How your business deals with such disagreements may define its success or failure. Therefore, having a well-drafted partnership agreement is necessary for helping resolve any...
Commercial real estate law provides basic rights for tenants when it comes to eviction. Additionally, Florida statutes outline the specific procedures for evicting a commercial tenant -- however, no eviction process is really ever easy. That being said, here are some...
While your small business is thriving because of the product you developed, you may be aware that your intellectual property may be the most at-risk asset you have, which is why you keep the construction instructions secret. You have become aware that a competitor has...
COVID has caused many unforeseen effects in our world. A prolonged era of low bank interest rates, combined with increased inflation, one monetary effect of the virus includes a tremendously expanded money supply that is driving speculation on a multitude of...
There are many factors to consider before embarking on the journey of acquiring a franchise. Most business decisions involve a certain level of risks, with nothing being guaranteed. However, personal and financial success can occur through the growth of a franchise....
As an intellectual property (IP) holder, you have a responsibility to do your best to defend your rights from potential infringement. First, it's important to understand the different types of IP and any special steps you may want to take to defend your rights. You'll...
Savvy entrepreneurs know to review the Franchise Disclosure Document (FDD) before investing in a franchise. This document generally includes 23 numbered items, which include the franchisor’s background, any previous bankruptcies, and any restrictions about territory...
