Table of Contents
Commercial Leases for Restaurants and Franchise Operations
By Mark E Dall and Noble Carter Hatfield
Commercial Leases for Restaurants and Franchise Operations
By Mark E Dall and Noble Carter Hatfield
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A lawyer can substantially increase a client’s chance of success in a restaurant lease--or at least minimize the risk of failure--in two ways: first, by reviewing and negotiating the lease of the restaurant’s premises, identifying and evaluating the risks and negotiating changes, and secondly, through the careful review and negotiation of the franchise agreement if the client pursues that option.
Franchised operations are popular for people investing in restaurants as this purchase can give restaurateurs a head start in terms of brand recognition, marketing, consistency of food quality, and service. However, signing a boilerplate franchise agreement is not necessarily a recipe for success. It is essential that the franchise agreement and the commercial lease harmonize so that adherence to one document does not cause a violation with the other.
Among the topics covered in the restaurant section are:
Chapters focused on working with a restaurant franchise consider issues related to the client, choosing a landlord and location, management, architect and general contractor, he franchisor and the franchise agreement, and the lender.
Franchised operations are popular for people investing in restaurants as this purchase can give restaurateurs a head start in terms of brand recognition, marketing, consistency of food quality, and service. However, signing a boilerplate franchise agreement is not necessarily a recipe for success. It is essential that the franchise agreement and the commercial lease harmonize so that adherence to one document does not cause a violation with the other.
Among the topics covered in the restaurant section are:
- Computation of rental charges and rent offsets
- Operational issues: hours, go dark provisions, definition of premises, and more
- Construction
- The emerging category of "grocerants"
Chapters focused on working with a restaurant franchise consider issues related to the client, choosing a landlord and location, management, architect and general contractor, he franchisor and the franchise agreement, and the lender.
Product Details
Authors
Mark E Dall, Noble Carter Hatfield
Sponsors
Section of Real Property, Trust and Estate Law
Publishers
ABA Book Publishing
ISBN
9781641051514
Page Count
208
Product Code
5431029
Trim Size
7 x 10 Paperback
Publication Date
6/14/2018 12:00:00 AM
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