Our franchise attorney, Eric Riess, reviewed the Service Team of Professional’s FDD and found it to be a fair document and a good representation of the company. He encouraged my client and I to do proper due diligence and gave suggestions on extra questions to ask the Franchisees. Eric went through each of the items that he was going to ask the Franchisor for. He explained why he requested them and was sure to check for understanding along the way. The call went well and at the end Eric let us know he would be negotiating the terms directly with the Franchisor.
It's incredibly important to have a knowledgeable franchise attorney that can review the FDD and make it work for both the Franchisor and my client. Reviewing and revising the FDD should facilitate the investment in the franchise, not hinder it.
We called the Franchisor afterward and talked to him about any additional questions that we had. We let him know that our attorney was sending the memorandum with the requested changes to him and asked that he review it. One of the items on the memo was that the territory had not been defined yet. Next, we would began discussing territory.
There are a few difficult things in this world that we all experience, regardless of country and culture. These are wars, pandemics, and economic hardships. And though these make for tough times - throughout history, we have overcome them each time. As the economy starts to slow - both here in the US and globally, […]
In the franchise broker industry, staying ahead of legal changes is a strategic advantage. Recently we came across an informative article from the Franchise Times shedding light on critical legislative developments in California that could significantly impact franchise brokers and third-party sellers. Understanding these changes is essential for franchise brokers nationwide, as they underscore a […]
Ask anyone where they buy their goods from, and the chances of them answering “Amazon” is pretty high. The commerce landscape has dramatically shifted towards online marketplaces, with Amazon as the undisputed leader. This titan of e-commerce has reshaped how we buy and sell globally. Amazon's appeal stems from its vast product range, unmatched customer […]
