11. Personal Guaranty

Key Points:

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FDD Review Mastery Companion Course

FDD Summary Review Companion

1. Secured Site Timeline
2. Opening Timeline
3. Licenses and Permits
4. Liquidated Damages
5. Employee Appearance Requirements
6. Confidentiality Obligations
7. Insurance Requirements
8. Legal Entity Recommendation
9. Minimum Performance Requirements
10. Death or Disability
11. Personal Guaranty
12. Personal Estate Planning Recommendations
13. Mandatory Minimum Royalties
15. Term of Agreement and Renewal
16. Site Selection Criteria
17. Broker and Franchisor Interests
18. Real Estate Control Document
20. Transfer Restrictions
21. Specific Requirements for Transfer
22. Right of First Refusal
23. Goodwill
24. Asset Purchase Upon Termination
25. Right to Operate
26. Initial and Ongoing Training
27. Obligations of the Franchisor
28. Fees
29. Maintenance and Update Requirements
30. Operate Strictly in Compliance
31. Manager or Managed
32. Limited Trademark Rights
33. Protected Territory and Reservation of Rights
34. Right to Change System
35. Change of Trademark
36. Local Advertising Requirements
37. Reporting Requirements
38. Termination Provisions
39. Grant Back Clause
40. Covenants Against Competition
41. Identity to the Public
42. Indemnification of Franchisor
43. Tax Reimbursement
44. Renewal Requirements
45. Renewal Timelines
46. Law of the Franchise Agreement
47. Dispute Resolution
48. Waiver of Jury and Damages
49. Statute of Limitations
50. Franchisee Termination

Reidel Law Firm Academy

Reidel Law Firm Academy is offered by Reidel Law Firm — on-demand legal education in franchise and international trade law, taught by practicing attorneys.

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Courses

FDD Review Mastery Companion Course
Franchise Success Strategies: Negotiating with Confidence
Recognizing Hidden Risks: An FDD Mini-Course

Contact

schuyler@reidellawfirm.com
ReidelLawFirm.com