- 9 -
Northwestern University School of Law in 1959. Mr. Tishler's
primary area of practice is franchising, in which he has been
engaged since 1962. Mr. Tishler has represented many well-known
franchisors, including Dunkin’ Donuts and McDonald's, among
others. Mr. Tishler has also represented numerous franchisees of
Burger King and Church's Fried Chicken. In the 1960's and
1970's, he represented Burger King franchisees in the acquisition
of more than 100 restaurants. Mr. Tishler began his
representation of FIC in 1966 or 1967. Both Messrs. Tishler and
Shillington had assisted FIC in the making of its decision to
allocate $200,000 of the purchase price of the 1976 Purchase to
the Territorial Agreement.
D. 1980 Gift
By 1976, when the Territorial Agreement was executed, BKC
had adopted a new policy requiring that corporate franchisees be
operated by a shareholder with voting control of the corporation
(the Control Requirement). FIC did not then satisfy the Control
Requirement, but Robert made an oral promise to BKC to acquire a
controlling interest in FIC. Despite Robert's promise, no such
action was taken until 1980, when BKC demanded that Robert
acquire voting control of FIC. To satisfy BKC's demand, on
February 2, 1980, decedents each transferred by gift 6 shares of
FIC's common stock to Robert (the 1980 Gifts). By the time of
the 1980 Gifts, neither of decedents was actively participating
in the day-to-day management or operations of FIC.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011