Northeast Ohio Chapter of the Franchise Business Network Meeting

Tuesday, April 30, 2019 | 9:30 AM - 11:00 AM

McDonald Hopkins Event

Cleveland - No Valet

Fifth Third Center

600 Superior Avenue East, Suite 2100

Cleveland, Ohio 44114

Join us at McDonald Hopkins for the first meeting of the Northeast Ohio Chapter of the Franchise Business Network on April 30, 2019.

The Franchise Business Network is designed to provide those in the franchise community the opportunity to network, meet potential customers, make new business contacts, and take advantage of educational programs and legislative information. Meetings are quarterly and centered around discussions on important topics and issues impacting the franchise industry.

This ruling reveals the limits to the rejection power of the Bankruptcy Code. While a bankrupt franchisee can use bankruptcy to unburden itself of future monetary liabilities due to a franchisor, such franchisee cannot completely rid itself of those bargained-for equitable remedies that are there to protect the integrity of the brand and the confidential, proprietary information that the franchise arrangement is designed to protect.

This decision only adds to to the growing circuit split on the application of the “hypothetical test” or the “actual test” in bankruptcy, and may lead a higher court to consider the issue. For franchisees in the Sixth Circuit who desire to reorganize in bankruptcy, however, this decision provides clarity about which test parties may use to determine if a contract could be assumed.

Northeast Ohio Chapter of the Franchise Business Network Meeting

Speakers

Related Services

You may also be interested in