Negotiating a commercial lease is a complex process with many moving parts. One of the most important tools to streamline this process is a Letter of Intent (LOI). While not legally binding in most cases, an LOI sets the stage for successful negotiations and ensures that both parties are aligned ...
Business Law Blog
Is Franchising Right for You? A Guide for Prospective Franchisees

Considering buying a franchise? It's crucial to start with self-reflection to align your passion and commitment with the franchise industry. Extensive research is key, examining factors like initial costs, franchise history, and legal obligations. Consult with a franchise attorney to understand the contract's terms thoroughly. Financial readiness is paramount, requiring a detailed business plan. Assess the training and support provided by the franchisor, evaluate location options, and commit to active involvement for success. Additionally, consider your long-term plans and exit strategy. Buying a franchise can be a rewarding venture when approached with careful consideration and dedication to the chosen opportunity.