The Partnership of Mario L Herman and Gregory O Herman is a Washington, D.C., law firm that focuses on franchise law. Much of its work takes place before a client signs, while the terms of a franchise agreement can still be questioned or changed.The firm advises real estate brokers. A broker who joins a national brand pays an initial fee, ongoing royalties, a marketing contribution, and technology charges, often for many years. As a franchisee lawyer for these brokers, the firm reads the franchise disclosure document and the franchise agreement before the client commits any money. Under the FTC Franchise Rule, the franchisor must deliver the disclosure document at least 14 calendar days before the buyer signs or pays. The firm uses that period to confirm whether the territory is exclusive, which production targets apply, how long the non-compete lasts, and what gives the franchisor the right to terminate. A broker who skips this review may later learn that leaving the brand also means leaving the local market for a set period. When a term is unfavorable, the firm negotiates with the franchisor on the client's behalf.
A spokesperson for the firm said, "A real estate franchise can give a broker a trusted brand and a support system that would take years to put together alone. Our goal is to help each client enter that relationship with a full understanding of what they will pay and what they have agreed to do. A broker who understands the fees and the exit terms from the start can give full attention to running the office and bringing in new agents."
The firm stays involved after the office opens. It advises franchisees on renewals and transfers, and it helps brokers who plan to sell their franchise or buy an existing office from another franchisee. When a disagreement with the franchisor cannot be settled, the firm represents clients in arbitration and in court. Mario L Herman has discussed franchise issues on CNN and has been quoted in the Wall Street Journal.
About the Partnership of Mario L Herman and Gregory O Herman
The Partnership of Mario L Herman and Gregory O Herman handles franchise law matters for franchisees and franchisors in domestic and international markets. The firm advises clients in the hotel, restaurant, printing, and domestic services industries, and counsels brokers buying or selling real estate franchises. Its services include reviewing and drafting franchise agreements, pre-purchase due diligence, arbitration, and franchise litigation. The firm offers free consultations to prospective clients. For more information, visit https://www.franchise-law.com/ .