Article written by Brian H. Cole, Associate Attorney, Chase Law Group, P.C. Have you ever considered looking into buying a franchise? There are many attractive aspects of this particular business model. Generally speaking, a franchise has an infrastructure already established to help owners and managers run the day-to-day operations, plus a known franchise has built-in brand equity. These are huge benefits for a business owner. On the other hand, like any business, there is a considerable amount of work, employee management, customer service and marketing efforts that the owner or manager will still need to take on and often follow... READ MORE

As your business grows and changes, you may reach a point where you want to sell all or part of your franchise locations. This could be due to retirement, health, family changes, or simply because you want to do something different. That’s when you’ll find that selling a business requires just as much planning and strategy as growing one, at least if you want to maximize the value. Buyers often make a purchasing decision based on how quickly a business will provide a return on investment, so it’s important to take the time to set your business up in a... READ MORE

Licensing is one way people with ideas and businesses can scale their brands quickly. Licensing agreements are used by businesses for things like putting sports team logos on keychains, selling a certain line of dresses in a retail store, or operating a business under a certain brand name. In cases like this last example, however, it is important for licensees to be careful not to inadvertently create a franchise, as those are subject to very different laws and regulations. In short, a license agreement grants rights to use a brand and associated intellectual property, while in a franchise, the franchisor... READ MORE