Posts

Perkins Law Recognizes National Franchise Appreciation Day
August 31, 2020

“The objective of F.A.D is to create awareness to increase customers knowledge of the importance of using social media networks and location-based services to connect with, and continue to support local franchises. Customers will receive discounts…

Perkins Named to “The Best Lawyers in America” List for 11th Year in a Row
August 25, 2020

RVA small business and franchise attorney Eric Perkins has been selected by peers in the legal community to be included in the 27th edition of The Best Lawyers in America for his work in franchise law for the 11th year in a row. With over 20…

Book Recommendation for First-Time Franchise Owners – Street Smart Franchising
June 19, 2020

A recommended book for anyone wanting a pragmatic crash course on franchising — Street Smart Franchising by Joe Mathews, Don DeBolt, and Deb Percival. This book offers excellent advice on all aspects of building a successful franchised business.…

Common Franchisor Registration Mistakes
May 01, 2020

Virginia is one of the fourteen states that require franchisors to successfully complete a formal registration and review process before they are permitted to legally offer franchises for sale. While the process is reasonably straightforward…

Have You Visited RVABizLaw.com Recently?
March 09, 2020

If you haven’t checked out the RVABizLaw blog recently, here are a few of the updates you’ve missed: Are franchise agreements automatically and unconditionally renewable? What is Phantom Equity?  How can small biz owners minimize…

Are Franchisees Guaranteed the Right to Renew their Franchise Agreement?
February 19, 2020

No, there is no such guarantee. Most Franchise Agreements do, however, provide for at least one renewal option, subject to laundry list of conditions (payment of a renewal fee, execution of the then-current form of Franchise Agreement, execution…

What Laws Regulate Franchising?
December 23, 2019

Franchising is regulated by both federal and state law, and these laws are on the books primarily to protect franchisees. At the federal level, the FTC Franchise Rule imposes disclosure requirements that apply to the offer and sale of franchises.…

Changes Proposed to Virginia Franchise Rules — Public Comment Period Now Open
November 06, 2019

The Virginia Division of Securities and Retail Franchising (“Division”) has recommended to the Virginia State Corporation Commission (“Commission”) that certain revisions to the Virginia Franchise Rules (“Rules”) be considered for…

Watch Out for Fads When Exploring Franchise Opportunities
October 24, 2019

Selecting a franchise opportunity can be the most important business decision of your life. On top of that, at any given point, there are over 3,000 franchise opportunities being offered for sale (although only about half that amount are registered…

Tips for Maximizing the Franchise “Discovery Day” Experience
September 16, 2019

For a prospective franchisee, “discovery day” is often the critical moment when the ultimate decision is made to enter into a franchise relationship. Both franchisor and prospect evaluate each other during a full day (sometimes longer) of…