Franchise & Distribution Law

The Revenue Recognition Roller Coaster: Get Ready for the Ride

Lots of unexpected twists and turns await franchisors in this new ruling that is far from straightforward.

RollercoasterYou might think that you know all about the Financial Accounting Standards Board’s new Revenue Recognition Standard that will take effect in 2018 for public companies, and 2019 for private companies. Continue reading

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Franchise & Distribution Law

Watch Your Step in Crossing the US Border

us and canada flagsAccording to the Government of Canada, “Canada and the United States enjoy the longest, deepest, most peaceful, and mutually beneficial relationship between any two countries in the world. No two nations depend more on each other for their mutual prosperity and security than the US and Canada.”[1] In 2016, bi-lateral trade between Canada and the U.S. exceeded CAD$841 billion. Continue reading

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Franchise & Distribution Law

Andrae Marrocco Presents on Franchise Mergers & Acquisitions at the 50th Annual IFA Legal Symposium

IFA Legal Symposium 2017Andrae Marrocco moderated the session on Franchise Mergers & Acquisitions with panelists Mike Bidwell, CEO of the Dwyer Group, Brian Romanzo, Assistant General Counsel of Driven Brands, and Andrew Sherman, Partner at Seyfarth Shaw at the 50th Annual International Franchise Association Legal Symposium in Washington DC – May 7-9, 2017.  Continue reading

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Franchise & Distribution Law

Negotiating Critical Representations and Warranties in Franchise Mergers and Acquisitions – Part II

aba-forum-on-franchisingFranchise systems present a valuable investment proposition for both strategic and financial purchasers. Entrepreneurs seeking out their next business venture, manufacturers in need of a distribution network for their products or services, and competitors looking to take advantage of synergies, economies of scale, expanded offerings, or growing market share – in each case – can achieve those investment goals through the acquisition of a franchise system. Private equity firms are attracted by the robust, diversified, and continuous royalty streams; the proven (often internationally) business model; the potential for organic and rapid growth (without significant capital investment); and the goodwill and strength of an established brand that franchise systems can provide. Continue reading

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Franchise & Distribution Law

Andrae Marrocco Presents on Franchise M&A at the 16th Annual OBA Franchise Law Conference

2016franchiseconference_1300x731_v21Andrae Marrocco presented on the topic “The Purchase and Sale of Franchises and Franchise Systems” at the Ontario Bar Association 16th Annual Franchise Law Conference “Beyond the Basics: In-Depth and Cross-Disciplinary Topics in Franchise Law” in Toronto – November 17, 2016. Continue reading

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