Transactional and Regulatory
Our team assists clients in all aspects of evaluating and structuring franchise systems. This includes evaluating whether a franchise model is appropriate for the system and whether there are exemptions from federal and state franchise laws that are available and appropriate. Where a franchise system is involved, we assist with state registrations or management of exemption-based systems, and preparation and review of Franchise Disclosure Documents and related agreements, including franchise agreements, area development agreements and the myriad of other agreements that franchise systems often use. We assist other sellers with compliance with business opportunity registration and disclosure documentation. We often negotiate area development and franchise agreements. We counsel clients with respect to many other types of franchise issues, such as terminations and renewals; assisting in preparation of operations manuals and review, intellectual property protection, and helping clients resolve disputes and avoiding litigation. Together with other Greensfelder practice groups, we also counsel clients on employment, real estate and tax issues, non-compete and confidentiality agreements, business succession planning, and other business related matters.
We work with franchise systems in all stages, from startup to those growing to the national and multi-national level. We advise both service and product based industries, including food services, real estate, motor fuel, hospitality, and education.
Mergers and Acquisitions
We work with private equity firms and other prospective buyers and sellers of franchise systems to help evaluate the system from a franchise law and industry perspective and ensure that sufficient protection is obtained in the case of an acquisition. Together with the Corporate Group, our franchise attorneys may lead the transaction, or work as special counsel on franchise specific issues involved. We have been involved in acquisitions involving many different industries including restaurant, hospitality, automotive, and education. For more information about our Mergers, Acquisitions & Divestitures practice, click here.
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