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How the New FDD Has Affected the Franchise Sales Process
Prior to the announcement of the revised Franchise Rule in January 2007, there was much speculation among franchisors as to how changes to the Rule would affect the sales process. The phase-in period between July 2007 and July 2008 was hectic for many franchisors as they worked with their legal counsel to transition to the new Franchise Disclosure Document (“FDD”) format and educated their sales teams on how the sales process would need to be adjusted to comply with the new Rule.
Little did franchisors know, of course, that the recession, which began about the same time, would be so devastating to their expansion plans. While the impact of the new Franchise Rule on the sales process has paled in comparison to that of the recession, franchisors have expressed their opinions as to how changes to the Rule have influenced their approach to the sales process. Based on what we have heard since franchisors have updated their FDDs, there are mixed feelings as to whether changes to the Rule have improved or complicated the sales process from the perspective of franchisors.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
When Is a Repair Structural or Nonstructural Under a Commercial Lease?
A common question that commercial landlords and tenants face is which of them is responsible for a repair to the subject premises. These disputes often center on whether the repair is "structural" or "nonstructural."