At this year’s 42nd Annual Forum on Franchising, Julie Lusthaus co-presented a workshop entitled “Buying and Selling a Franchised Business, Guiding a Franchisee through the Process.”
The presentation discussed:
“Representing a client buying or selling an existing franchised business is a complicated process, involving myriad legal issues and business considerations. In addition to the traditional corporate, conveyancing, financing, real estate, and other issues associated with the transfer of a business, the sale of a franchise raises certain unique issues. Franchisors typically have a right of first refusal to purchase the franchised business as well as certain conditions precedent to providing consent to a transfer including the requirement that the seller sign a release. This program will consider the legal aspects of the sale of a franchised business from the perspective of all three parties: the seller, the buyer and the franchisor, and will provide attendees with a practical and comprehensive examination of the various aspects of buying and selling an existing franchised business.”
Click the link below to learn more about the event: https://www.americanbar.org/content/dam/aba/events/franchising/2019/fr_brochure_6_18_19.pdf
