Author Archive:
Nicole Liguori Micklich
Franchise agreement changes and the impact on the franchisee.
Read more: Franchise agreement changes and the impact on the franchisee.Franchise agreements are drafted by the franchisor and often franchisees do not, or cannot, negotiate modifications. Frequently, franchisors include provisions that reserve certain distribution rights to themselves or affiliates, often through e-commerce, wholesale, and retail stores. By doing so, franchisors guard against claims by franchisees for encroachment or breach of contract. Franchisors also retain the…
How Force Majeure provisions in commercial real estate leases are changing because of the Covid-19 pandemic
Read more: How Force Majeure provisions in commercial real estate leases are changing because of the Covid-19 pandemicThe pandemic has impacted just about every part of our lives. That includes businesses, which had to deal with staffing issues, supply chain delays, inflation, regulations, and countless other obstacles. One or a combination of these factors may have impacted your ability to meet the obligations of a business agreement. A force majeure clause may…
How do you finance a franchise?
Read more: How do you finance a franchise?The initial investment needed to purchase, build-out, and open a franchised business often requires franchisees to consider financing options. Because there are numerous options to choose from, entrepreneurs must approach the process carefully. It is important to consult with an experienced franchise attorney and accountant before making any final decisions. Here are a few common…
When may I create a living trust and what may it include?
Read more: When may I create a living trust and what may it include?Estate plans include legal documents describing your intentions for distributing your assets to heirs after your death. As noted by Kiplinger’s Personal Finance, you may create a living trust to help your heirs bypass the lengthy probate procedure. While you may choose to serve as the trustee while alive, you could also appoint someone as a…
Practicing due diligence before buying a franchise
Read more: Practicing due diligence before buying a franchiseBefore buying or selling a franchise, prospective franchisees and franchisors should take steps to ensure they understand each other’s expectations and responsibilities. The Federal Trade Commission requires franchisors to provide prospective purchasers of franchises material information to weigh the risks and benefits before making a significant investment. Information franchisors must disclose The franchisor has an…
Urso, Liguori & Micklich joins IR as the exclusive Franchise and Distribution Law Member in Rhode Island
Read more: Urso, Liguori & Micklich joins IR as the exclusive Franchise and Distribution Law Member in Rhode IslandIR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Nicole Liguori Micklich of Urso, Liguori & Micklich. Nicole has joined IR as our exclusive Franchise and Distribution Law Member in Rhode Island. Nicole Liguori Micklich has earned a reputation for successfully representing franchisees and development agents at every step of the…