Posts

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…

Perkins Named to “The Best Lawyers in America” List for 10th Year in a Row
September 04, 2019

RVA small business and franchise attorney Eric Perkins has been selected by peers in the legal community to be included in the 26th edition of The Best Lawyers in America for his work in franchise law for the 10th year in a row. With over 20…

#RVABizLaw Tip of the Day: A Brief History of Franchising
June 17, 2019

The word “franchise” comes from a medieval French term “francis” which meant to grant rights or privileges to peasants. In the Middle Ages, a local lord would give others the right to hunt, hold markets and fairs, or engage in other…

A Few Highlights of the Perkins Law Flat Fee FDD Review Package
April 15, 2019

For a prospective franchise owner, a franchise agreement is arguably one of the most significant contracts you will ever sign.  Careful due diligence is highly recommended.  RVA small business and franchise attorney Eric Perkins has been…

Welcoming First Watch franchise to Short Pump!
February 28, 2019

Always fun to welcome new franchise concepts to the area, and the newest one to hold a grand opening in the Short Pump is First Watch - The Daytime Cafe. According to its website, First Watch is the largest and fastest growing daytime-only…