Franchise Remedies

Website Links

Description

Richard Solomon is a senior corporate trial and counseling attorney with over 50 years experience in franchised and non-franchised businesses. He has worked with franchisor management and with franchisee groups in projects involving every imaginable trauma. His experience includes substantial involvement in matters of franchise planning, franchise breakaway and other franchise crisis management and litigation, as well as antitrust, trade and service mark infringement and unfair competition, covenants not to compete, director and officer liability and R.I.C.O.

Your immigrant franchise investor client has to be vetted a bit differently also. Vetting your client for investment suitability is always important, but in the context of someone who has lived in another place where the rules, customs and expectations may be quite different, it takes on added significance.

Psychic transactions are exchanges of mutual validations through the observance of social customs. If we acknowledge the mutual value of each other, no matter the facts on the ground, our relationship is supposed to proceed in positive directions to our mutual social and economic profit. "I'M OK - YOU'RE OK". When we participate in group activity, at work, socially, in church, the formula works fairly well. I don't question your positions and you allow me to participate in your group, for a price.

Support is another usually overblown representation in the business of selling franchises and business opportunities. On 'discovery day' -- the day you are shown around headquarters and visit all the 'goodies', you will get a load of selling on the quality of the ongoing support that the company provides to its franchisees. On the other hand, in the contract you would sign if you bought the deal, it will say that the company will provide such further and ongoing support as it may deem appropriate from time to time. It is that arbitrary.

If Item 19 of the UFOC states that no one is authorized to provide any information regarding sales or profits other than what is stated right there in Item 19, and the sales person does provide other or additional information regarding prospective profitability, then you ought to be able to recognize that you have just been lied to in Item 19.

Products & services

Similar companies nearby