DESCRIPTION:
John Hayes, host of Franchise Hot Seat, engages in a detailed discussion with Alaina
B. Karsten from McDonald Hopkins, a professional with significant experience in
advising franchisors and franchisees and handling litigation. The conversation
revolves around the intricacies and potential risks associated with franchising,
underlining the necessity of carefully examining franchise agreements and fully
comprehending the long-term commitments and responsibilities they entail. Alaina
underscores the importance of franchisees performing due diligence, seeking legal
counsel, and fully understanding their contracts, particularly in relation to
termination, renewal, and the use of advertising funds. She provides insights into
frequent legal issues such as curable and non-curable defaults, franchisor price
control, and the rights of franchisees in the event of disputes. The discussion also
covers the challenges and possible advantages of franchise investment, highlighting
the benefits of economies of scale and the significance of comprehensive franchisor
support and training.
- With Alaina B. Karsten.
TIMESTAMPS:
00:00 Intro
00:22 Franchising realities vs expectations?
03:07 Does franchising offer advantages?
04:26 Biggest franchising risks/costs?
07:12 Key franchise agreement clauses?
12:14 Curable vs non-curable defaults?
17:00 Franchisee due diligence checklist?
21:04 Trademark requirements for franchisors?
23:28 Resolving franchise disputes how?
33:45 Advertising fund obligations fair?
LINKS:
WEBSITE: http://franchisehotseats.com/
LinkedIn: https://www.linkedin.com/in/drjohnhayes/
Twitter: https://twitter.com/drjohnhayes
YouTube: https://www.youtube.com/c/Howtobuyafranchise
Instagram: https://www.instagram.com/hayesjph/
TikTok: https://www.tiktok.com/@johnphayesfranchise
Pinterest: https://www.pinterest.com/DrJohnHayes/
Facebook: https://www.facebook.com/franchisehotseatpodcast
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