Purchasing a master franchise can be an exciting opportunity, but only when one fully comprehends the agreement contract behind it. This is because master franchise agreements are usually packed with obligations and clauses that may not be in a franchisee's favor. The scariest thing is that they are legally binding. The good news is that Mario L. Herman offers expert guidance and legal review designed to help new franchisees navigate the complexities of franchising and safeguard their future prosperity.Answering a query, the company spokesperson said, "In the sale of a franchise business, one typically has choices regarding the structure of the transaction. One may decide to sell their ownership interest in their existing corporate entity, which enables a cleaner exit but has specific tax consequences for the seller. Alternatively, one might sell the separate asset of the brokerage, which is mostly referred to as an asset sale."
With over 33 years of experience representing franchisees in the US and abroad, Mario L. Herman has the information any franchisee needs to make informed decisions about signing a master franchise contract . Moreover, he is familiar with the specifics of the FTC franchise rule and state contract laws. The things he reviews in the franchise agreements include the hidden costs and extra fees, territorial restrictions, performance clauses, whether there is a defined exit strategy, and whether some essential legal rights have been waived. With all those checked, negotiate precise terms and obtain protections that safeguard their clients' investments and operations.
The company spokesperson added, "An asset sale usually gives the buyer greater freedom to choose which assets to acquire and may provide a different treatment to the buyers, such as a stepped-up basis in the acquired assets. For more insights on the tax consequences of each structure, clients can contact us."
Furthermore, Mario L. Herman also assists clients with operating and selling a master franchise. So far, he has assisted clients in more than 40 states and more than 10 countries, including China and Mexico, with master franchising matters. The industries he has covered range from real estate, hotel, and restaurant franchising to printing and the domestic services industry. With the franchise law attorney having been interviewed by the Wall Street Journal, as well as local news and radio programs, his experience is nationally recognized. So, if one is seeking an experienced franchise lawyer to guide them with their franchising matters, Mr. Herman is the one they should arrange a consultation session with.
About Mario L. Herman
Mario L. Herman is an attorney who gives comprehensive expert legal counsel in all types of franchise transactions. From preparing the agreement to drafting and reviewing specific clauses, they help clients every step of the way and help achieve the best possible solution for them. Additionally, he assists clients who encounter legal issues with their US-based franchisor, as he is experienced in arbitration.