Understanding Key Franchise Terms
Franchising offers entrepreneurs the opportunity to own and operate a business backed by an established brand. But as with any business model, the legal and operational framework comes with its own terminology, some of which can feel overwhelming to those new to the industry. At Einbinder, Dunn, Dimitri & Bayer LLP, we regularly advise franchisors
Partner Mackenzie Dimitri Wins Key Bankruptcy Case for Restaurant Franchisor
Mackenzie Dimitri, a partner at Einbinder & Dunn LLP (E&D) secured a major win for her client, a restaurant franchisor, in the U.S. Bankruptcy Court for the Middle District of Florida. In the action, a group of franchisees operating several restaurants pursuant to 13 franchise agreements, with varying ownership groups and a common management company,
How To Ensure A Smooth Transaction When Selling A Franchise
Mergers and acquisitions (M&A) in the franchise industry are complex transactions that require careful planning, due diligence, and a keen understanding of both pre and post-deal considerations. With extensive experience representing both franchisors and franchisees in such transactions, here are some insights on what franchise businesses should consider when undertaking M&A. Due diligence – the
Line-X Faces Mass Exodus as Franchisees Refuse New Agreement Terms
US-based franchise magazine, Franchise Times, recently published an article about how LINE-X, a leading provider of spray-on bedliners and protective coatings, is experiencing a significant exodus of franchisees due to disagreements over new agreement terms. Michael Einbinder is quoted in the article as the representative of the Independent Association of Line-X Franchises. He says: “I
Franchise Agreement Termination issues in the United States
Elite Franchise, a global magazine covering franchise issues recently published an article by Michael Einbinder discussing franchise termination issues in the US. Throughout the article, Michael helps readers navigate the many commercial agreements in place when wanting to terminate a franchise agreement, including default and termination clauses. As well as this, he highlights the many
The Growing Popularity of Multi-Unit and Multi-Concept Franchising
This new article by Michael Einbinder provides insight into the rise of ‘big business franchisees’ looking to acquire larger parts of the franchising market. Read the full article here to discover more about the multi-unit and multi-concept franchising trends in the U.S. and worldwide.
Building a Culture People Want
In this video, the fifth in a series aired by the Rawls Group, Michael Einbinder discusses how to create a culture that retains key employees. Watch the entire series on the Rawls YouTube Channel For more insight into current issues in franchising, see the following: Multi-Unit Franchising Succeeding Despite Economic Uncertainties Retail Spaces Your Introduction
Incentives to Attract & Retain People For Multi-Unit Franchising Growth
In this video, the fourth in a series aired by the Rawls Group, Michael Einbinder discusses how to position your business to succeed in spite of labor shortages. Watch the entire series on the Rawls YouTube Channel. For more insight into current issues in franchising, see the following: Multi-Unit Franchising Succeeding Despite Economic Uncertainties Retail
Protect & Grow Your Multi-Unit Franchisee Business Investment
In this video, the third in a series aired by the Rawls Group, Michael Einbinder discusses how to position your business to succeed in the event of your absence (whether planned or unplanned) and how smart business owners position themselves for multi-generational success. Watch the entire series on the Rawls YouTube Channel. For more insight
New York State Bar Association Considers Proposed Revisions To New York Franchise Act
On October 20th, the New York State Bar Association’s Business Law Committee met to review and propose revisions to the New York Franchise Act (the “Act”). The committee focused on three potential revisions: First, an amendment to the statute’s definition of a franchise. Currently, to be considered a franchise, a franchisor must charge a fee