March 2009

By Craig R. Tractenberg

A franchisor has rights and remedies that a secured creditor is not granted under the UCC, but the franchisor, by becoming a competing secured creditor, does not necessarily advance its rights and remedies in a default situation. The inter-creditor agreement and remarketing agreement are alternatives to maximize recoveries and reduce conflicts by cooperation, rather than by litigation.

Subscribers: click here for the full story

Non-Subscribers: click here to subscribe

Pay per view ($20.00)