Is it true that a guarantor on a franchise loan must be the same person who is the majority member of the LLC?

Banks are peculiar institutions, but very different. Your bank apparently has a set protocol, which may or may not be written in stone. Try...

I agree with my learned colleague, Mr. Dillon. You can't expect answers to multiple questions without hiring a franchise attorney to review the...

What are my options when another franchisee continues to work inside my franchise territory and the franchisor won't stop them.

I agree with my colleagues. You may have a claim against your franchisor for breach of contract. A review of your franchise agreement as well as...

Can I sue my Atlanta based franchisor in NJ even the franchise agreement says I have to sue them in Atlanta?

Typically, these out-of-state, inconvenient forum selection clauses are upheld, unless there is specific state law that invalidates it. If you are...

Whether Franchisor can obtain damages and injunctive relief after an involuntary termination of a franchise agreement?

I agree with my colleague. More facts and an examination of the franchise agreement are obviously necessary. The normal rule is a terminated...

What would define a 6 months in this case?

The provision quoted says "within (6) months of FRANCHISEE's starting the Additional Customer Accounts," so that is the measuring period. You...

What does it mean when it says 6 months on a franchise agreement.

It is not really possible to say without examining the franchise agreement. Replacing an account may be exactly defined in your agreement. Your...

Declaring Chapter 7 in CA w/ husband. Have a C-Corp that runs a franchise. Can we get our of our franchise obligations with BK

As my colleagues point out, this is a simple question and answer situation. If the agreement is in force as of the filing date, it will survive...

I want to buy an operational franchisor-owned outlet OR an operational franchisee-owned outlet. How to find one with profit ?

You need to do your homework. Start with an industry that you feel aligned with now and or the next 10 to 20 years. Determine the major franchisors...

One Franchisor says due to Federal Trade Commission it is illegal to disclose profit of any franchise store at initial stage

The big question is will the franchisor provide this information once you move beyond the "initial stage?" If this isn't forthcoming, this will...