“The key to success of many franchise systems lies in establishing and maintaining great locations. In addition to the franchise agreement, the commercial lease is a fundamental document in any brick and mortar franchise. Given the competing interests of franchisees, franchisors, landlords, and lenders, legal issues abound at the intersection of real estate and franchise law. The three primary issues that these parties face when entering into a lease have to do with the use of the property, the assignability of the lease, and what happens if the tenant/franchisee defaults…”
Eric M. Sigman is a shareholder in RIW’s Corporate & Business Law and Hospitality Practice Groups. Eric’s Hospitality practice has a focus on Franchise law including, franchise agreement negotiations, franchise disclosure document drafting, analysis and review, commercial real estate, retail leasing, corporate formation and any related business counseling. He can be reached at (617)-570-3575 or email@example.com.
This summary is presented for informational and educational purposes only, does not constitute legal advice, nor create an attorney-client relationship. For a full understanding of the issues, please contact counsel of your choice.