Avoiding Turbulence: Drafting Contracts to Reduce Litigation Exposure

I.              Pre-Drafting Tips

A.            General Considerations

1.              Remember that state franchise and dealer laws can make it difficult to end or change the contract once it has been signed.
2.              That means that franchisees, dealers, and distributors should be chosen carefully.
3.              “Trust but verify,” i.e., engage in appropriate due diligence.