When purchasing a franchise or selling one, a franchise agreement is a contract between a franchisor and a franchisee that outlines the terms of the business relationship. The franchisor grants the franchisee the right to use their name, logo, and operating model in exchange for a fee. Franchise agreements vary […]
A Seminole County Court judge recently ruled that a gym that was forced to close due to the Governor’s prior executive order regarding certain business closures during the initial stages of the COVID pandemic was clearly within the meaning of the force majeure provision of the gym’s commercial lease. In […]
Whether you are buying or selling, you should always be aware that Franchise Agreements are written to favor the Franchisor. The best franchises make both the Franchisor and the Franchisee money. The best Franchisors offer meaningful support and hands on training to their franchise owners. Unfortunately, that is not always […]
Not Losses Due to the COVID-19 Pandemic of 2020. A Court in Miami recently addressed whether one company’s business interruption insurance covered COVID-19 shut down losses, in the recent case of COMMODORE, INC. v. CERTAIN UNDERWRITERS AT LLOYD’S, LONDON, et al., in the Circuit Court for the 11th Judicial Circuit […]
Listed are some frequently asked questions about Supplemental Insurance Claims: What is a supplemental property owner Insurance Claim? Supplemental property insurance claims are secondary claims made by insured property owners (both home owners and business owners) to request additional money to make repairs to your property in the event that […]