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