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No matter what type of franchise law needs you have, you can easily hire an experienced Miami franchise attorney on UpCounsel to help you today. Franchise law involves several regulations franchisees must follow before they can start their businesses. They also keep up on ever-changing franchise laws, including some that may be specific to your state. I mean, our offices are in suburban Philly, but attorneys licensed in California and Georgia, in New York, New Jersey, and they’re located in different parts of Pennsylvania as well as the two that are out of state. So, that’s how I would handle it, carve it out, carve out any personal so that any spousal guarantee really only includes joint assets. It’s really interesting you asked me that, because about two years ago, I had a very, very experienced franchise consultant ask me a question that they said they had a matter that was near in conclusion, but the franchisor was requiring the spouse, who had just inherited a tremendous amount of money, sign a personal guarantee, and did I have any suggestions because she absolutely wouldn’t sign it, and the whole deal was going to be blown up.
So, I do get it, but I also understand the other side. A multi-unit franchisee May often be able to get more concessions than someone buying just one franchise. Well, Nancy, it’s been a delight to have you on the show today, and before we wrap up, how would a prospective franchisee or existing franchisee get in touch with you? So, it’s an unusual law firm, and we are exclusively a franchisee law firm. If it’s a resale, that’s different, that is not, but everything else, yeah. That’s a clear takeaway. That’s a personal decision based upon the client’s own circumstances. But, from the landlord’s perspective, I also understand, because most married couples own their assets jointly, and if you only have one personal guarantee, you can’t go after the joint assets. The other side of it is this inheritance isn’t a joint asset, so it should be a carve out. As I said, if they’re joint assets, then you can’t go after them if you don’t have that spousal guarantee. So, we don’t represent any franchisors. So, as far as drop debt issues, that would probably be mine. I mean, we did some brainstorming together on it So, I understand where the franchisor is coming from.