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Counseling Franchises During the Recession
This deep recession is hitting virtually every corner of the economy. Some companies are faring better than others (McDonald's and Wal-Mart, just to name a couple), but there are very few companies that are not adversely affected in a significant way, including franchising companies of every stripe and size. Depending on one's particular industry or segment of industry, the effect may vary considerably. However, every company has to take stock of its business model and decide how it can best weather adverse conditions.
It is axiomatic that franchisors and franchisees need to work together to overcome the impact of the declining economy. Their success is deeply intertwined, and they are mutually dependent. Now more than ever, franchisors need to demonstrate leadership by making every effort to assist their franchisees. This might include redoubling marketing efforts to increase (or at least to maintain) sales levels, finding every way to cut operating costs without compromising brand integrity, providing effective training, and so on.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
Coverage Issues Stemming from Dry Cleaner Contamination Suits
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?