Frequently Asked Questions
We’re business law and franchise lawyers in Chicago providing customized legal services to businesses and their owners, franchisors and franchisees, and the restaurant and hospitality industry. Our knowledgeable, effective, and responsive attorneys counsel clients in connection with contracts and franchise agreements, corporate and LLC issues, leases and real estate transactions, employment issues, estate planning and business succession, and lawsuits and alternative dispute resolution.Search For:
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Tag Archives: franchise agreement
What Is franchising?
Franchising is a method for expanding a business and distributing goods and services through a licensing relationship that allows a franchisee (the person or company granted a license) to operate a business under the franchisor’s (the person or company granting … Continue reading
Can I negotiate the franchise fee?
While many aspects of the franchise agreement are completely negotiable, franchise fees often are not. Federal law requires that franchisors notify all prospective franchisees of any material change given to any prospective franchisee. So if the franchisor negotiates a new … Continue reading
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Tagged fee negotiation, franchise agreement, franchise fee, franchise lawyer
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What is a franchise agreement?
A franchise agreement is a binding contract between franchisee and franchisor that reflects the mutual obligations each owes to the other. The franchise agreement governs the entirety of the relationship between the franchisee and franchisor and contains all of the … Continue reading
Posted in Franchise Law
Tagged franchise agreement, franchise lawyer, franchisee, franchisor
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What is a Franchise Disclosure Document (“FDD”)?
A Franchise Disclosure Document (FDD) is a complex legal document that the Federal Trade Commission (FTC) requires franchisors to provide to potential franchisees before entering a formal franchise agreement. Franchise Disclosure Documents protect potential franchise buyers by providing them with comprehensive … Continue reading