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Phillips Murrah celebrates Grand Opening of OCU Law School

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OKC mayor Mick Cornett speaks to the crowd in McLaughlin Hall.

On Friday, Mar. 27, Oklahoma City University School of Law held their grand opening ceremony in downtown Oklahoma City.

On hand for the event were Oklahoma City mayor Mick Cornett, Oklahoma Lt. Gov. Todd Lamb, host of ABC’s hit show, The Bachelor/OCU Law alumnus Chris Harrison and others were on hand to welcome OCU to the Central Business District.

Phillips Murrah was excited to be a part of the grand opening events all week and we are proud to boast of Directors who are also OCU Law grads:

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Phillips Murrah Directors and OCU Law graduates Juston Givens and Jennifer Miller were in attendance at the Grand Opening ceremony.

Phillips Murrah is also proud to support the school and their great program as well as to have a new media-enabled conference room named for our firm.

We are excited about the beautiful restoration project and and eager to witness what the new location of the OCU School of Law adds to the vibrant downtown OKC culture. As mayor Cornett alluded to in his presentation, it is every metro central business district’s dream to have such an addition of bright, young, energetic people circulating through the shops and restaurants during the day.

Oklahoma City University School of Law is housed in the Central High School building located at NW 8 and Harvey, about 200 feet north of the Oklahoma City National Memorial & Museum.

Law Allows Franchises to Flourish in State

By M. Scott Carter | The Journal Record
January 22, 2013

OKLAHOMA CITY – With more than 11,000 franchises, 131,000 workers and an economic impact of more than $10 billion, it can pay to operate a franchise in Oklahoma.

In fact, according to Entrepreneur Magazine, five of the country’s top franchises make their home here, including Golf USA, Sonic, Express Personnel, Bonus Building Care and Camille’s Sidewalk Café.

It also helps that Oklahoma’s law are not as strict, too.

“Oklahoma is one of the states where there is less regulation,” said Beverly Vilardofsky, a director and shareholder with the Phillips Murrah law firm. “It’s a business opportunity state.”

The state’s franchise law isn’t near as strict as other states, Vilardofsky said.

“It’s aimed more at the franchiser than the franchisee,” she said.

However, even in a state with little regulation on franchises, there are certain disclosure requirements. Vilardofsky said state law requires a company selling franchises to issue a franchise disclosure document, known as an FDD, 10 days before a franchise agreement is signed.

That document, she said, spells out several things the prospective franchise owner should know before signing a contract.

“It outlines things such as what might be a typical payroll or the size of a territory,” she said. “It’s probably not going to be real, real specific, but will give you estimates instead.”

Vilardofsky said many times franchise agreements will include specific information about the location of the business and often a clause that allows the franchiser to repossess the franchise in case of a default.

“That’s a pretty standard clause across the United States,” she said. “They want to protect their goodwill.”

Other states, she said, have more stringent requirements.

“I don’t know if the lack of regulation offers more or less protection,” Vilardofsky said, “but I think it encourages more franchisers to come here.”

In addition to legal requirements, she said, many franchise applications include provisions that specify the amount of capital an owner must have and requirements for yearly payments.

“A lot of these businesses are paying a 5-, or 6- or 10-percent fee to use the franchise name,” she said, “but there are benefits such as goodwill and cooperative advertising. A lot of the success of the franchise is going to depend on the individual running that franchise.

OCU Law News – Class Notes

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CLASS NOTES

Published in Alumni on May 1st, 2012 by Brook Arbeitman Congratulations to the following alumni for their notable accomplishments:

1995

BEVERLY I. VILARDOFSKY is named a shareholder at Phillips Murrah in Oklahoma City.

2001

JUSTON R. GIVENS is named a shareholder at Phillips Murrah in Oklahoma City.

Phillips Murrah names shareholders

By Staff February 23, 2012

OKLAHOMA CITY – Phillips Murrah has elected four new shareholders and directors, all based in the downtown Oklahoma City office.

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