
Establishment of Franchise System: Conversion of License Agreements
Result
Established franchise system for regional company that previously expanded by way of multiple license agreements and consulting agreements. Existing license system was converted to a franchise system with a Franchise Disclosure Document and compliance program focused on conversion of existing licensees.
Summary
A successful and well run company had achieved significant expansion through the grant of multiple licenses. After assessing prior expansion, future expansion plans and the regulatory requirements imposed on this business, the franchise lawyers at The Internicola Law Firm,established a franchise compliance program focused on an FDD that properly identified prior licenses and established a legal foundation for future expansion.
Awarded
License agreements properly identified and reported in FDD and franchise compliance program was successfully established to permit future franchise sales.
Complimentary Books and Reports
- Take Your Business from Local Success to National Franchise with The 90 Day Franchise Launch Program
- An Entrepreneurs Guide to Purchasing a Business or Franchise
- ENDWISE: The Guide to Selling Your Business with Peace of Mind
- The New York and New Jersey Partnership Dispute Guide
- Franchise Counsel Program