A positive development for franchise systems seeking to streamline the SBA loan approval process for their franchisees is coming this summer. The new version of the SBA Loan Origination Policies and Procedures for Lender and Development Company Loan Programs will
Latest from Franchise Law Update
Big Deals and Bigger Takeaways: The Future of Platform Franchisors
Today is Day 1 of Franchise Times Dealmakers Week. The webinar series is serving up a week of can’t-miss conversations with top franchise leaders who are building platforms, scaling brands, and reshaping the future of franchising. As a transactional
IFA Takeaway: How AI in Franchising is Driving Growth, Sales, and Competitive Edge
This week I am continuing to provide some takeaways from a few of the many sessions I attended at the International Franchise Association’s Annual Convention in Las Vegas earlier this month. Google Head of Data Measurement and Analytics for WPP
IFA Takeaways: How Smart Franchisors Stay Out of Court
The International Franchise Association’s Annual Convention is always filled with useful take home information for franchise practitioners. Last week, I attended the session “Proactive Strategies for Franchisors to Prevent Litigation Risks” with panelists Don Fox (Former CEO of Firehouse Subs),
Corporate Transparency Act Back in Effect: March 21 Is the New Deadline to File Beneficial Ownership Reports
Contributed by Kevin M. Granahan and Christopher J. Pippett
The Corporate Transparency Act’s (CTA) reporting requirements are officially back in force, requiring non-exempt entities to disclose beneficial ownership information (BOI).
This week, a Texas federal court lifted the last remaining
Non-Competes Under the Microscope: NASAA’s Latest Guidance for Franchisors
Recently, the North American Securities Administrators Association, Inc.’s (“NASAA”) Franchise and Business Opportunities Project Group (“FPG”) issued guidance on post-term non-compete clauses in the context of the franchise business model (“Guidance”).
The FPG is a standing committee of NASAA comprised
Franchising Beyond State Lines: Minnesota Expands Franchise Act Reach
The Minnesota Supreme Court (Court) recently granted review of two franchise questions in the case of Cambria Co., LLC, v. M&M Creative Laminants, Inc:
FDD Update Season: Is it time to call your Franchise Litigator?
Contributed by Ari N. Stern, Esq.
January officially starts the “Franchise Disclosure Document (“FDD”) Update Season”. And for franchise lawyers that focus on representing franchisors in the development of FDDs and related tasks, it is arguably the most wonderful (and
Should the Litigation be in State or Federal Court?
Deciding whether to choose state or federal court can be outcome determinative. This is particularly important in deciding to remove a case from state to federal court. Some state franchise statutes clearly allow a court to enjoin threatened or actual
After a Dizzying Series of Court Twists, the CTA is Halted. Again!
Key Takeaway: A Texas federal judge issued a nationwide injunction, but it was stayed by an appeals court. Now that stay has been lifted — so the injunction is in force again.
As the year-end filing deadline approached for the