#100: Virginia Just Banned Non-Competes: What Franchisors Need to Know

Virginia has fundamentally changed franchising.Under the amended Virginia Retail Franchising Act, post-termination and post-expiration non-compete provisions in franchise agreements are now prohibited for Virginia franchisees.But the impact goes beyond non-competes.In this episode, we discuss:• How the new law affects franchise systems• Why settlement agreements are now impacted• The nullification of certain choice-of-law provisions• Risks to existing franchisees and system stability• How franchisors should rethink franchise agreements moving forwardWe also break down practical strategies franchisors should consider, including:• Strengthening confidentiality protections• Reinforcing operations manuals and system standards• Reevaluating liquidated damages provisions• Restructuring franchise relationships in light of the lawIf you franchise in Virginia, or operate nationally, this is a legal development you need to understand.#franchising #franchiselaw #virginialaw #noncompete #franchisegrowth