Investors who buy a franchise should be wary of a franchisor’s guarantee of making a large amount of money quickly. Nonetheless, the franchisor may disclose information about potential sales and income known as an earnings claim or financial performance representation...
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Why an economic downturn is a good time to be a franchisee
Even though recessions cause economic hardship in general, franchises are relatively resilient to the effects. According to Entrepreneur.com, economic downturns can even benefit franchisees. If you’re considering becoming a franchisee, here’s why 2020 might be an...
Can Making An Insurance Claim Due to Forced Closures Help Your Small Business?
CAN MAKING AN INSURANCE CLAIM HELP? Previously I wrote about business interruption and property damage insurance claims as they relate to COVID 19. This article will briefly provide additional information on the topic of insurance coverage in light of many local and...
What Does A Small Business Need To Know About The CARES Act?
This article was prepared based on the guidelines published by the US Chamber of Commerce. 1. What Is The CARES Act? The Coronavirus Aid Relief and Security (CARES) Act is the new law that was enacted to provide $350 billion to keep small businesses and their workers...
NEW CORONAVIRUS BILL REQUIRING PAID EMPLOYEE LEAVE SIGNED INTO LAW
NEW CORONAVIRUS BILL REQUIRING PAID EMPLOYEE LEAVE President Trump signed the Families First Coronavirus Response Act yesterday. This Act provides the first time that the United States has had widespread, federally mandated, paid leave. This law gives two weeks paid...
WILL BUSINESS INSURANCE HELP DURING A COVID 19 CLOSURE?
WILL BUSINESS INTERRUPTION INSURANCE OR PROPERTY DAMAGE INSURANCE HELP PAY THE RENT AND OTHER FIXED COSTS DURING COVID 19 CLOSURE Yesterday I wrote about suggestions that franchisees and retail tenants can take to move forward in these difficult times with the COVID...
COVID 19 IMPACT ON FRANCHISEES AND TENANTS
FRANCHISEES – If you are unable to stay open for business because of the COVID 19 epidemic/pandemic, you should have discussions with your franchisor to strategize on the best way to handle the situation. Having open discussions with your franchisor allows both...
PRESS RELEASE
PRESS RELEASE-Nancy Lanard to Receive PA Bar Association Award Plymouth Meeting, PA (February, 2020) Montgomery County Pennsylvania Attorney Nancy Lanard to receive the 2020 H. Robert Fieback Award at the PBA Commission on Women in the Profession Conference in...
What Are The Most Important Commercial Lease Clauses To Negotiate?
As experienced commercial lease attorneys representing tenants nationwide, we have handled hundreds of commercial leases. We are often asked why it is important to have an experienced tenant’s lease attorney review and negotiate the business lease. Leases are...
Tips Before You Sign a Retail Lease
Before you sign a lease as a tenant of a shopping center or mall lease, there are some very important tips to keep in mind. 1. Personal guarantee. This is a very critical issue. The landlord would like to keep you as a personal guarantor of the lease for the entire...