Operating Agreements and Ownership/Control Agreements
THE BEGINNINGS OF A MARRIAGE By Andrew G. Thomas As part of two or more individuals (each an investor) forming a new legal entity to own and operate a franchised dealership, it i
Don’t Let the OEM Be the Only One Telling the Story
By Micah A. Andrews Seasoned dealers are well familiar with receiving the standard boiler-plate OEM performance letters which periodically summarize (usually incorrectly) the deale
Best Practices for Attorney Communications
By: Nick Bader From time to time, you may have communications with your attorneys, and dealers should want to maintain the privileged nature of those communications. The law in eac
Statutory Deadlines to Approve a Sale or Exercise Right of First Refusal
By Jason T. Allen As any buyer or seller knows, factory approval of a transaction is necessary to close a deal and can also dictate the timing of the closing. Most state stat