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From the International Franchise Expo: Optimism Overshadows Recession
Franchisors are an optimistic bunch. As entrepreneurs and sales people, franchisors believe that their destiny is to create national and international brands. Obstacles that might intimidate many people, even other business owners, appear to franchisors as mere nuisances. Given this perspective, it was no surprise to find an increased number of franchisors at the International Franchise Expo ('IFE') in Washington, DC, in April, and to find them determined to prosper even when the U.S. and world economies are struggling.
Franchisors are certainly aware of the U.S. recession, but attendees at the IFE were far from despondent about their businesses or about franchising in general. They see opportunities even in a downturn, and they came to the IFE to generate business as well as to learn from franchise attorneys about the mandates of the new Franchise Disclosure Document ('FDD') and how to build good relationships with their franchisees.
New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.