Practical guidance on commercial real estate, franchise law, and business transactions from Brent A. Levison.
The upfront franchise fee is usually the most visible number in a franchise opportunity — but it's often the smallest ongoing cost over the life of the agreemen...
Read more →A non-compete clause in a franchise agreement can restrict what a franchisee is allowed to do — during the franchise relationship, and often for years after it ...
Read more →At some point, most franchisees consider selling the business — whether to retire, move on to a new venture, or capitalize on years of built-up value. Unlike se...
Read more →Franchisees typically operate through an LLC or corporation for liability protection — but franchisors commonly require a personal guaranty from the individual ...
Read more →A franchise agreement's initial term eventually ends — and what happens next depends entirely on the renewal and termination language negotiated (or, more often...
Read more →One of the first questions any prospective franchisee should ask is: what geographic territory am I actually getting, and what protection does it provide agains...
Read more →Before any franchisor can legally sell a franchise in the United States, federal law requires them to provide prospective franchisees with a Franchise Disclosur...
Read more →At some point during a commercial tenancy, most tenants will be asked to sign an estoppel certificate — often with a short deadline and little explanation of wh...
Read more →Before a formal commercial lease is drafted, landlords and tenants often exchange a Letter of Intent (LOI) outlining the deal's key terms. Many businesspeople t...
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