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Offer to Purchase Franchisee’s Business Not Bona Fide Under Franchise Agreement Because of Earnout

California intermediate appellate court holds that offer was not bona fide. The earnout disqualified the offered purchase price from being “in a dollar amount.”  M&A Stories August 09, 2021 Introduction Buying a business from a franchisee involves additional issues and

Posted in approval of franchisor, bona fide offer, earnout, franchise sale Tagged with: ,

Expert Can Testify That GM Was Unreasonable in Disapproving Dealership Sale

M&A Stories October 20, 2020 Introduction Selling your franchise business usually requires the consent of the franchisor, whether you own a Subway franchise or an auto dealership. However, state law generally requires the franchisor to be reasonable in this approval

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Franchisee’s Fight with Franchisor Costs It a Sale of its Franchise

Introduction This is a story of a broken deal: a sale of a restaurant franchise that did not happen because of a dispute with the franchisor. The deal The case here involved a franchise for seven Tim Hortons restaurants located

Posted in approval of franchisor, asset purchase agreement, franchise sale, integration clause, no oral modifications of contract Tagged with: ,

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