This morning, Maryland’s franchise chief, Dale Cantone, warned franchise companies about failure to follow ASC 606 when filing for registration.
Tag: franchise disclosure document
Virginia Proposes Amendment to Franchise Rules
The Virginia State Corporation Commission is considering implementing a new exemption to its disclosure and registration law for large initial franchise investments in excess of $5 million.
Do You Have this Unfair and Illegal Provision in Your Franchise Agreement?
Last night I reviewed a franchise agreement and found a surprising, and illegal, provision buried deep in the contract. If ever there was a compelling case for being careful when you are choosing legal counsel, I just found the provision that makes it.
BREAKING: Court Denies IFA’s Request to Enjoin Seattle’s Discriminatory Minimum Wage Law
A federal court in Seattle has denied the International Franchise Association’s request to enjoin the portions of Seattle’s minimum wage law that discriminate against franchisees.
Are Minimum Wage Laws that Discriminate Against Franchises “Industry-Specific” for the Purposes of Item 1?
Franchisees and franchisors continue to fight new minimum wage laws by U.S. cities that discriminate unfairly against small business owners who are affiliated with franchise systems. Are these types of laws “industry specific” within the meaning of Item 1 of the Franchise Disclosure Document?
NLRB General Counsel Explains his Anti-Franchise McDonald’s Opinion
The NLRB’s General Counsel, Richard Griffin, recently explained his McDonald’s “joint employer” opinion to a group of law students. His comments offer some hope for franchisors concerned with his determination.
