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 law
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
What happens to my franchise when I retire or pass away?
In the 1980s, the franchise business model experienced something of a market bubble. But now, franchisees that started their businesses during the bubble are beginning to retire, or in some cases, pass away. What happens when a franchisee retires or … Continue reading
Can I sell my franchise to someone else?
Acquiring a franchise grants you several important branches in the property rights bundle of sticks. Chief among these is your right to re-sell your franchise. Franchise agreements that place absolute barriers on your right to sell your franchise are void … Continue reading
What is a franchise lawyer?
A franchise lawyer is an attorney who possesses the unique knowledge and skill required to help facilitate the purchase, sale, formation, and success of new and established franchises. A franchise lawyer representing a franchisor can help prepare and draft Franchise … Continue reading