Legal Question in Business Law in California
I am have a problum with my franchise. There is some issues with the contract. Rather fighting with them i want to sale my company. I was single when i bought it and got married 6 years latter. My husband wants to start a company that dose the same thing and hire me is this ok.
2 Answers from Attorneys
The first thing to do is to review the agreement to see what it says about termination and if there is anything about non-competition, which may or may not hold up in California.
As a Franchise Attorney I can say this is not the kind of question that can be answered without a review of your franchise agreement and disclosures in the related FDD Franchise Disclosure Document. If you sell your franchise, there will likely be a noncompete that may be valid in California as incidental to the sale of a business. Before you take any action, consult with a good business or franchise attorney in your area for specific advice.
Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.
Franchise Foundations, a Professional Corporation
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