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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....
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...
Starting a franchise can be easier than starting a business from scratch. You get to draw on an established customer base and a well-developed brand. You don't have to perfect processes or advertising on your own because the parent company will handle that for you....
Few franchisees may realize it, but a franchise relationship is a business model with significant power imbalances between parties involved. That's why it's so important that you have a firm grasp of your rights and responsibilities to the franchisor as a franchisee....
Business and real estate deals and partnerships can often create conflict. Sometimes these disputes may culminate into litigation. Here are five steps to follow to make sure you make informed and educated decisions. RULE OUT ALL ALTERNATIVES TO LITIGATION Disputes...
