Legal Question in Business Law in New York

Generally speaking, such a term is common in franchise agreements, however you need to be very careful about the definition of what constitutes "exit from the business" or you may find yourself without the business one of these days. Therefore, your agreement with the master dealer and the lease agreement with the landlord need to be carefully reviewed to make sure there aren't any potential pitfalls.

If you are investing a lot of money in this store you should have an attorney review the agreements. Such a review should not take a lot of time and therefore would not be overly expensive. My firm mostly represents startups and entrepreneurs and we review similar agreements routinely. Please contact my office at your earliest convenience to get things started.

Roman R. Fichman, Esq.

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