Reidellawfirm.com | What Are Carnets and How Are They Used?

What Are Carnets and How Are They Used?

Originally walking slowly towards the customs authority, Ray suddenly quickened his pace. The reason behind his change of gait was a welcome thought.  “That’s right, I don’t have to pay duty fees!” Acting almost like a “merchandise passport,” ATA carnets aren’t necessarily mainstream knowledge.   We aim to change that in the following article.  By the[…]

Reidellawfirm.com | How to Read Your Franchise Disclosure Document

How to Read Your Franchise Disclosure Document

“I’m sorry, I don’t speak legalese.  Only English,” stated the perplexed entrepreneur. Prospective franchisees can sometimes be intimidated by a certain legal document.  The  “terrifying” uniform franchise disclosure document. But before entering into any business relationship using your John Hancock, there’s a diligence process to follow. We’ll outline this method here.  Let’s start you down[…]

Reidellawfirm.com | Trade Embargoes and Sanctions

Trade Embargoes and Sanctions

OFAC (Office of Foreign Assets Control) heads the United States sanctions compliance program. As a part of the U.S. Treasury Department, they take a risk based approach in the search for red flags raised by an industry or nation. Besides their Specially Designated Nationals (SDN list) and Blocked Persons list, OFAC sanctions affect various entities.[…]

Reidellawfirm.com | Country of Origin Labels

Country of Origin Labels

What Are Country of Origin Labels and What Do They Mean for Consumers? These are labels that indicate the country where a product was made. They are intended to help consumers make informed choices about the goods they purchase. There are several different types of country of origin labeling systems, but the most common is[…]

Reidellawfirm.com | What are Red Flagged Countries?

What are Red Flagged Countries?

The term is not a definite legal one but often comes up in discussions about export regulations and sanctions. Since it’s often used, it’s helpful to describe the important aspects surrounding these countries and civil penalties. Sanctions are typically imposed in response to the actions of the target country, which are deemed to be a[…]

Reidellawfirm.com | What is the Difference Between a Franchise Agreement and a Master Franchise?

What is the Difference Between a Franchise Agreement and a Master Franchise?

The grand opening was going spectacularly well.   Lined up two rows deep, waiting customers didn’t know Dale personally.  But what they did know was the familiar logo on the large sign visible from downtown. As a franchisor, this is the picture you hope each new franchisee experiences.   But before revenue starts flowing, it’s worth making[…]