Learn why franchisors may need to update their Franchise Disclosure Documents (FDDs) beyond annual reviews.| Lusthaus Law P.C.
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Learn about the FTC's "Click to Cancel" rule, its potential impact on franchisors and franchisees, and how it relates to New York's gym membership laws.| Lusthaus Law P.C.
Discover essential tips for buying a franchise’s corporate unit. Learn how to evaluate opportunities and make informed decisions for success.| Lusthaus Law P.C.
CHALLENGE: Our client was a multi-unit operator of a gym franchise with several successful locations throughout New York City. The brand specialized in offering top-notch equipment, personable employees, clean workout areas, fitness classes, and personal training sessions. This client had a strong local presence and a positive reputation; they held steady membership numbers, even during the pandemic, and engaged with their clientele through social media and digital offerings.| Lusthaus Law P.C.
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Are you a franchise seeking legal help? We specialize in legal matters for franchise businesses. Contact us today!| Lusthaus Law P.C.
Lusthaus Law counsels individuals, small businesses, and global enterprises investing in franchise operations. Learn more.| Lusthaus Law P.C.
Read the latest insights from Lusthaus Law P.C. for franchisors and franchisees in New York. Navigate a clear path to franchise success.| Lusthaus Law P.C.
Franchisors know the importance of timely, accurate Franchise Disclosure Documents (FDDs) for compliance with franchise laws and trust in the franchise system. As previously discussed, federal and state laws require annual FDD updates, but franchisors are not relegated to this once-a-year review. Volatility and changes in national and world markets can influence FDD updates. In August, the North American Securities…| Lusthaus Law P.C.