Successful negotiations allow franchisee to focus on more productive ventures

Posted by William J. Piercy on

A franchisee client was asked by the franchisor to take over a failing franchise location. Our client did so for a brief period, but eventually abandoned the effort when it was unable to agree upon an acceptable monthly rental rate with the location’s landlord. The landlord then sued our client, seeking the more than $100,000 in back rent due from the prior franchisee tenant. In the end, Berman Fink Van Horn’s Bill Piercy negotiated a token four figure settlement payment, thereby allowing our client to return his focus to more productive ventures.