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Mad About ‘You’: Drafting Agreements to Do No Harm

August 7, 2006

This article was reprinted with permission from the July 18, 2006 issue of The Legal Intelligencer. ยฉ2006 ALM Properties, Inc. Further duplication without permission is prohibited. All rights reserved.

Robert S. Burstein


Franchisors, like landlords and other creditors of small businesses, want personal accountability by the individual owners of the business. Franchisors do not want their franchisees to escape liability for payment of ongoing royalties, advertising contributions, purchases and other obligations through the use of a corporation or limited liability company to shield the individual owners from the business debts.

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