franchise law firm Archives | Franchise Dictionary Magazine

30 09, 2024

LEGAL: Is Your Business ‘Franchisable’?

Tatyana Stemkovski2024-09-30T14:20:07-04:00September 30th, 2024|Tags: franchisable business, franchise attorney, franchise law firm, Spadea Lignana|

As a franchise attorney who has launched hundreds of brands over the last decade, I get asked this question a lot by people exploring whether they want to franchise and those who have launched a brand but have struggled to get traction. There are key business attributes that make a business “franchisable”; however, the first question is more about the founder than the fundamentals of the business. Are you ready and able to be a good franchisor? By Tom Spadea

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1 09, 2024

Control Your Real Estate

Tatyana Stemkovski2024-09-01T00:10:52-04:00September 1st, 2024|Tags: franchise agreement, franchise attorney, franchise law firm, Spadea Lignana|

For franchisors with physical locations, understanding the importance of obtaining a fully executed conditional assignment of lease for every site is crucial. For new franchisors who may be unaware, a conditional assignment of lease is an agreement between the franchisee and the landlord of each location, for the franchisor’s benefit. By Tom Spadea

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31 07, 2024

LEGAL: Audited Financials

Tatyana Stemkovski2024-07-31T11:34:12-04:00July 31st, 2024|Tags: franchise attorney, franchise law firm, Legal, Spadea Lignana|

One of the biggest frustration points for new franchisors is the sticker shock in terms of dollars, time and headache when they learn that they need audited financial statements of their franchisor entity. By Tom Spadea

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30 06, 2024

LEGAL: Experience

Tatyana Stemkovski2024-06-30T17:26:18-04:00June 30th, 2024|Tags: franchise attorney, franchise law firm, Legal, Spadea Lignana|

It is so tempting for a franchisor to only tout what they do well, the good decisions they have made and the incredible systems they have built. Although it may sound counterintuitive, a big part of the value of experienced brands comes from all the things they didn’t do well over the years. Franchising works because new franchisees build their business on the shoulders of those who came before them. By Tom Spadea

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29 04, 2024

LEGAL: Measured Growth Wins

Tatyana Stemkovski2024-04-30T16:04:33-04:00April 29th, 2024|Tags: franchise attorney, franchise law firm, recruiting entrepreneurs, Spadea Lignana|

Most new franchisors spend a tremendous amount of time, money and energy on how to sign up the greatest number of franchisees in the shortest amount of time. Everyone wants to get into high gear right out of the gate. Starvation is one of the biggest fears and motivators for a new franchisor who has just spent months or even years and perhaps well over $100,000 to launch their franchise system. By Tom Spadea

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28 03, 2024

LEGAL: Should My Corporate Stores Pay Royalties?

Tatyana Stemkovski2024-03-28T15:16:44-04:00March 28th, 2024|Tags: a Certified Franchise Executive, franchise law firm, franchise legal advice, Legal, royalties, Spadea Lignana|

Absolutely! If you make $100 in profit, that $100 on the open market is worth the multiple of the earnings in the business it is generated. If you pay that $100 in royalties to the franchisor, that $100 becomes an expense to your operating unit and profit to the franchisor. By Tom Spadea

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29 02, 2024

LEGAL: Create a Strong Brand Name

Tatyana Stemkovski2024-02-29T14:50:41-05:00February 29th, 2024|Tags: brand name, franchise attorney, franchise law firm, Spadea Lignana, trademark|

My partners and I have launched hundreds of new franchise systems over the years. One of the most difficult conversations we often must have with a new franchisor is telling them that they don’t have a protectable brand name, or that their brand name is owned by someone else. By Tom Spadea

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28 09, 2023

Who Decides?

Tatyana Stemkovski2023-09-28T17:56:05-04:00September 28th, 2023|Tags: franchise attorney, franchise law firm, legal advise for franchisors, Spadea Lignana|

I was asked by a franchisor client the other day what they should do if they had three good candidates for the same territory. What a great problem to have for sure and, in fact, I wouldn’t even really define it as a problem. By Tom Spadea

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28 08, 2023

Legal: How Much Money Can I Make?

Tatyana Stemkovski2023-08-28T21:03:45-04:00August 28th, 2023|Tags: disclosure laws, FDD, franchise attorney, franchise law firm, Legal, prospective franchisee, Spadea Lignana|

At some point, everyone involved in franchise development is going to be asked this question by a prospect. It is not unreasonable for a prospective franchisee to want to know the answer. By Tom Spadea

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31 07, 2023

Franchise Term Lengths

Tatyana Stemkovski2023-07-31T06:06:08-04:00July 31st, 2023|Tags: Certified Franchise Executive, franchise agreement, franchise attorney, franchise law firm, Spadea Lignana|

At the risk of really getting into the weeds on a very narrow issue, when was the last time you gave any serious thought to the term length in your franchise agreement? By Tom Spadea

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