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...
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...
WHY ARE PERSONAL GUARANTEES REQUIRED IN A RETAIL LEASE? What are some of the issues of a personal guaranty in a retail lease? Most landlords nationwide today require a personal guaranty from all tenants who are entering into a retail lease. The landlord had very bad...
California has passed legislation that could have a serious impact on franchising in that state and elsewhere. California Bill AB-5 changes the definition of an independent contractor to cover more workers. If passed, Uber drivers, Amazon delivery drivers, and even...
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Should a prospective franchisee work with a franchise broker or consultant? I am often asked that question by prospective franchisees. Alternatively, someone will contact me and after speaking with me may decide that they want to look at other franchise opportunities....
Why is it important to review the franchisor’s audited financial statements? If the franchisor is financially weak, the franchisor may go into bankruptcy. A franchisor’s bankruptcy leaves the franchisee in a very difficult, and often unclear, position. A franchisor...
11Introduction The commercial lease can have a significant impact on the performance of a franchised business. Among other things, lease costs, restrictions on the tenant’s business, and the rights and uses that are specified in the lease can affect whether the...
Your franchise is failing, what should your do? Unfortunately, I sometimes receive a call from a client telling me that his franchise business (as a franchisee) is failing and is costing him money out of pocket each month. The client is often afraid to speak with the...
What Are The Two Steps To Buying An Existing Franchise Business? When you are buying an existing franchise business it is a two step process. A person must evaluate both the franchise investment opportunity (the franchisor/franchisee relationship) and the existing...