5 Tips That The Franchise Lawyer Must Tell To The Franchisor and Franchisee During Coronavirus Pandemic

 

The franchise system is in reality quite a stronger structure than any stand-alone business. They can survive the aftermath of any disaster in a better way as they have a huge and expanded support system. However, this time the Pandemic has created a challenge that was never before experienced by the human race. The strongest franchise business has been affected in this situation. Only the experienced guidance of the Franchise Lawyer can hell the businesses to come out from this catastrophe. Whether food or retail; every sector is hit by the Pandemic.

In this situation, both the franchisor and franchisee have to fight the battle jointly to get over the crisis.  

Here is a quick 5 tips that will both the franchisor and franchisee may have to consider during this Covid-19 Pandemic.

  1. It is the time to recheck the franchise agreement and look for a force majeure clause in that. If it has any, then it can pause the obligation of both parties. You must consult with the Franchise Lawyer how to implement the clause in this case.  
  2. What is the structure of the franchise fees like weekly or monthly or quarterly or a percentage of gross sales? In the case of the percentage of the gross sale, what floor amount will be paid in case the sale is lower than the threshold amount? You need to check the agreement minutely to get the answer to all the questions.
  3. If the Franchise Code of Conduct allows, any party can terminate the franchise agreement for breach. The franchisor must inform the franchisee that they are in breach and may suggest the best possible way to fix the breach and allow the required time to complete that.
  4. In many retail leases, the tenants are required to remain the business open as per the law. However, depending on the present scenario, there are some businesses like gym, swimming pool, or spa that are not allowed to operate and many food joints only allow take away service. The consent of the landlord is required to take any step in this matter.
  5. The payment and salary of all the franchise staff is a huge issue that needs to resolve after a prolonged discussion with both parties. You have to consider the agreement and law to decide whether there will be paid or unpaid leaves depending on the level of the employees.    

 

Location: Washington, DC, USA

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