February 20, 2013
By: Kimberlee S. Knopf, Esq. Starfield & Smith, P.C.
Traps to Avoid in Assigning Franchisee Leases
Starfield & Smith have penned a nice recap of what lenders should do when assigning a franchisee lease that may already me assigned to the franchisor.
The bottom line the lender does not have to be in priority position on the assignment, but beware of traps.
Check out the suggested best practice here.