069| What You Need to Know About Franchise Agreements with Jeffrey Goldstein

Jeffrey Goldstein has been working as a franchise attorney in the franchise and distribution niche for over three decades. Jeff and the Goldstein Law Firm, by choice, do not represent franchisors or suppliers; they only represent franchisees and dealers because they believe representing franchisors, especially in the litigation context, is directly harmful to your status and position as a franchisee or dealer.

In This Episode, Jeff Reveals

  • Jeffrey M. GoldsteinThe importance of having your franchise agreement reviewed by an attorney before you sign, and why.
  • What to do when a hotel franchisee fails a quality assurance inspection (QAI) and why that process is flawed.
  • The differences between mediation, arbitration, and litigation, and why some disputes are handled in court and others in arbitration.
  • Why the concept of a franchise consultant who ‘mediates’ liquidated damages is usually not in the franchisee’s best interest.
  • What happens when you acquire a branded property, and he explains the differences between an “assignment of agreement” and a “then-current” agreement.
  • His take on the battle between franchisees and franchisors – whether it has become more equal or equitable for franchisees over the years, and whether organizations like AAHOA and AH&LA have helped in that regard.

Jeff prepared a FREE download exclusively for the Lodging Leaders community. His guide, the Top Ten Worst Provisions in a Franchise Agreement, goes even deeper into some of the concepts we discussed. To get the most out of this episode, download the guide.

If you are in the process of performing your due diligence on a franchise opportunity, you are probably struggling to comprehend the seemingly-unending legalese in the franchise agreement. You owe it to yourself to understand the implications of that agreement, and this interview is a great start at understanding terminology, concepts, and pitfalls that could have a direct impact on your business.

Resources & Links

Episodes referenced in this interview

Jeffrey M. Goldstein

Goldstein Law Firm, PLLC
1629 K St. NW, Suite 300
Washington, DC 20006
Phone: (202) 293-3947
Fax: (202) 315-2514

Sponsors

Thanks for Listening!

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Until the next …

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