In our last article for Modern Restaurant Management (MRM) Magazine, we discussed some of the critical lease provisions contained in a franchisee’s lease which, if not identified and properly negotiated, could have a material impact on the viability of a business. The provisions addressed in that issue – exclusive use protection, landlord’s consent to assignment and continuing liability thereafter, and the landlord’s right to participate in the sales proceeds – only scratched the surface.[Read more…] about Sign At Your Own Risk: The Sequel … More Critical Lease Provisions to Negotiate or Avoid
Negotiating a retail lease is one of the most critical stages in the life of a restaurant.
Each lease presents its own distinct issues and challenges; failing to have significant attention to detail can inadvertently result in an unsuccessful business or impede your growth; one oversight can destroy your succession plan or exit strategy.
Franchisees, often faced with immense market competition and the franchisor’s demanding development requirements, are prone to concede important issues and make careless mistakes in lease negotiations. What follows is a list of critical lease provisions which, if not identified and properly negotiated, could have a material impact on the viability of your business:[Read more…] about Sign At Your Own Risk: Critical Lease Provisions to Negotiate or Avoid
Paris Ackerman LLP is proud to announce our newest partner, Michelle L. Prager.
Michelle joined Paris Ackerman in July 2018 and heads our firm’s Massachusetts office. Michelle focuses on multi-unit franchise transfers, commercial leasing, commercial real estate transactions and financing. Michelle maintains an impressive roster of clients that is comprised of some of the largest and most well regarded franchisees and business people in their respective industries.
Her vast experience and practical approach to handling complex transactions make Michelle a valuable addition to our team. Prior to joining Paris Ackerman, Michelle was a Partner with Aceto, Bonner & Prager, P.C., located in Boston, MA.
We look forward to many years of success together!
Karen Abrams, a partner at Paris Ackerman and head of the firm’s Commercial Real Estate Leasing Practice, is proud to have been invited back for the third year in a row where she spoke at the annual franchisee conference for Xponential Fitness.
This incredible company continues to grow at record speed and now has seven amazing fitness brand franchises under its umbrella. We are so proud of the role we have played in contributing to the growth of this fantastic organization!
Read about Paris Ackerman client Shirin Kanji, the largest franchisee in the Rent-A-Center system, in the September 2018 issue of Franchise Times.
The full article can be read here: No Troughs for Rent-A-Center Owner
Paris Ackerman LLP is proud to announce our newest partner, Craig H. Feldman.
Craig joined the firm in 2016 and heads our Commercial Real Estate practice. Craig specializes in acquisitions and divestitures of commercial properties, lease restructurings, retail leasing, and land use and redevelopment matters. Craig routinely advises and guides investors, franchisees and business owners on sophisticated multi-state property acquisitions and negotiates complex retail leases.
Prior to joining Paris Ackerman, Craig served as the Vice President of Real Estate for A&P Supermarkets, where he was responsible for all legal work related to the company’s real estate portfolio, including over 550 big-box store locations in some 20 states. Before his time at A&P, Craig served as General Counsel to The Learning Experience, a national child care franchise, and has practiced at such law firms as Riker Danzig and Brach Eichler.
Craig was a Captain in the United States Army Reserve, where he honorably served for over 15 years.
We look forward to your continued success.