Spring 2012

Franchise Agreement Provisions That Affect Eligibility for SBA Loans

Vol. 15, No. 2

Franchise Agreement Provisions That Affect Eligibility for SBA Loans

Franchise systems continue to face significant hurdles in securing lending sources to finance the development and opening of new locations. While access to conventional credit sources remains somewhat limited, loans guaranteed by the Small Business Administration have become a key resource for franchisors and franchisees. But SBA loans are available only under certain conditions and those conditions may be difficult to reconcile with the terms of certain franchise programs. Most systems, however, albeit with some modifications to their franchise agreements, should be eligible for inclusion on the SBA Franchise Registry. Read more…

What are three things outside counsel can do to impress their franchisor clients, and do the same principles apply to all counsel? Read more…

What additional disclosure and registration obligations must a franchisor comply with if it negotiates with prospective franchisees in California? Read more…

Why should both franchisee and franchisor attorneys review the notes to a franchisor’s audited financial statements? Read more…

As an organization, we have been fortunate to have excellent leadership over the past 30 plus years. Our leaders' diversity of opinion and thought combined with their passion has helped this organization establish and maintain itself as the preeminent organization for the study of franchise law. It is against this very formidable backdrop that I ask for nominations for the future leaders of this organization. We have once again established a Nominating Committee that will select my successor as well as four individuals who will serve on the Governing Committee, all beginning in August of 2013. Read more…

Joseph J. Fittante, Chair of the Forum, is pleased to announce the appointment of the 2012 Nominating Committee. The committee, which is headed by the Immediate Past Chair, is responsible for recommending candidates to fill open positions on the Governing Committee. Read more…

Since becoming Technology Officer for the Forum I have learned a lot about information and benefits available to Forum members that I had not been fully taking advantage of. Most of these benefits are easy to access from your computer with a few mouse clicks... if you know how. To educate those who may not have been aware of these benefits and to provide helpful tips on how to take advantage of them, I have created a practical, easy-to-use, technology tips document. Read more…

Every year in October, the Forum on Franchising offers a three-day legal conference featuring unparalleled educational programs and collegial social events where attendees network with familiar and new franchise bar colleagues, clients and friends.  Come out to the Forum in Los Angeles which promises to be one of the finest and most memorable. Highlights that make this an event you do not want to miss. Read more...

Designed as a working tool for both corporate franchise lawyers and outside counsel, the Franchise Law Compliance Manual is a practical, comprehensive guide to establishing and maintaining a successful corporate compliance program. Read more...

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