EsqSocial

A New Jersey federal district court granted summary judgment in favor of 7-Eleven, Inc. in a dispute with a franchisee. The franchisee signed a franchise agreement to operate a 7-Eleven store in Princeton, New Jersey, which required the franchisee to keep the store open on a 24-hour basis. If the store could not operate on a 24-hour basis, then 7-Eleven could increase the franchisee’s fees. The franchise agreement also contained a minimum net worth provision. If the store value fell below the...
By: Lewitt Hackman