What is the difference between the Franchise Disclosure Document and the Franchise Agreement? The Franchise Disclosure Document is a large document comprised of several federally mandated components, which include the Franchise Agreement. The Franchise Disclosure...
What Is The Purpose Of A Letter Of Intent For A Commercial Lease? A real estate letter of intent (LOI) is the skeleton from which a lease is drafted by the landlord’s attorney. The letter of intent reduces to writing a preliminary understanding of parties who intend...
What Is A Fictitious Name Registration and Do I Need One? I am often asked whether a fictitious name registration is needed for a client’s business. The first point is to understand what a fictitious name registration is. If you are doing business under a trade name...
Choosing A Business Entity – what are the options? Choosing your business entity is often the first important legal decision that an entrepreneur must make. In the last few years the choices have become greater. An individual business owner can have a sole...
Background On New NASAA Guidelines to Item 19 of the FDD New guidelines for Item 19 of the Franchise Disclosure Document (FDD) on Financial Performance Representations (FPRs) will benefit franchisors, franchisees and sales consultants. These new guidelines go into...
FOUR STEPS TO CHOOSING A FRANCHISE ATTORNEY What are the 4 steps to choosing a franchise attorney? How can you find the best franchise attorney? Follow these 4 steps: Step 1. Make sure that the attorney you choose practices franchise law as a primary part of her...
One of the most frequently asked questions I get is “what is the difference between patents, trademarks and copyrights?”. These intellectual properties may be the greatest assets of a business. “Trademarks” are the logos, names or symbols that are used to refer to a...
1. CAM/Operating Expenses – How will they be calculated? How much will they go up each year? Most, if not all, retail leases will require the tenant to pay its proportionate share of operating expenses as additional rent, in addition to the base rent. However, what...
What are the three most important employment policies that every business should have? Every business should have an employment policy on substance abuse, sexual harassment and employee email privacy. By having these policies, an employer helps to prevent litigation...
The surest way to lessen your company’s image is to include simple grammar errors in your company’s presentations. Here is a list of the top 10 grammar errors to avoid in your business letters! This list will keep your reader’s attention on your underlying ideas, and...