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There has been a national trend to limit the enforceability of restrictive covenants, namely non-competition and non-solicitation agreements. In a non-competition agreement, an employee agrees not to compete with the employer for a specified period of time after...
Earlier this year I wrote a blog about Racial Equity. As a female Asian American, I am keenly sensitive to issues of diversity and inclusion. In May I participated in the 21-Day AAPI Racial Equity Habit-Building Challenge that the American Bar Association (ABA),...
Recent articles have indicated that there is going to be surge in franchise sales in the next two to three years as we are on our way to coming out of the pandemic. Of course, the pandemic has impacted some franchise systems more than others based on the nature of...
In May, I celebrated 5 years as an Associate Attorney with (formerly Carter & Tani) and 5 years as a franchise attorney. While the learning curve was steep, in these past 5 years I have developed a passion for franchise law and...
May is Asian American and Pacific Islander Heritage Month. Most of us are aware that February is Black History Month, which started in 1976 as an observance and celebration of achievements by African Americans and a time for recognizing their central role in...
William J. Strons, Managing Partner Business Services, Mergers and Acquisitions (630) 221-1755 | [email protected] William J. Strons joined Huck Bouma, PC in 2002 and currently serves as the Firm’s Managing Shareholder. Bill represents closely-held business in...
As a transactional attorney, especially one with experience representing small retail businesses, I often consider my audience with whom I am interacting, whether it be another attorney, a sophisticated investor, or a business owner. Each of them brings a different...
It will soon be that time of year when we will be working with our franchisor clients to prepare the required year-end updates to their Franchise Disclosure Document and file state registration renewal applications. If you are a franchisor with a December 31 year end,...
For general context, the Financial Accounting Standards Board (FASB), issued Accounting Standard Codification 606, Revenue Recognition (“ASC 606”) on May 28, 2014 which originally required non-public franchisors to adopt a new GAAP-compliant accounting revenue...
I will continue our series on topics discussed at the ABA Forum on Franchising by examining Franchisor Mergers and Acquisitions (M&A). As we learned at the ABA Forum on Franchising, sales and purchases of Franchise Systems are alive and well, even with the ongoing...