Franchising: Should you hire a Franchise Attorney?

When you are in the process of shopping for a franchise business, you will desire to sincerely think utilizing the services of an experienced franchise attorney. Your goal in collaborating with a franchise should be to generate an airtight contract between you and the franchisor. Here are some major items that you will deal with as part of the progression of purchasing a franchise, and how an experienced franchise attorney can help you.

It is extremely likely that you are new to the world of franchising. Think of the cost of hiring an experienced and skilled franchise attorney as a complete no-brainer. It is an investment in yourself, as well as your business. Utilizing one will permit you to sleep much better at night and stay stress free.

I robustly advise reviewing the FDD (Franchise Disclosure Document, provided by the franchisor to potential franchisees) vigilantly and in the presence of a skilled franchise attorney. An attorney who is untried with franchise law will not be competent to adequately guarantee your absolute understanding of the details set forth in the franchise agreement. You will have instantaneous, consistent answers to the many questions that you will surely have. Among other minute details, seek for any legal action issues, the franchisor’s obligations to their franchisees, the franchisee’s responsibilities to the franchisor, any limitations on sources of products or services, and any financing that the franchisor may supply or suggest.

You will be provided with the franchisor’s operations manual which consists of topics such as vendor and employee relations, royalties and how their paid, accounting and billing, scheduling, security, and community relations. Franchise attorney Washington, D.C. will be a major asset in helping you to decipher any legal “drivel” that you are sure to come across when reviewing the franchise manual.

When signing a Franchise Agreement, which is the contract between you and the franchisor you’ll find numerous key items, such as territory guidelines, the term and restitution of the agreement, site selection, and promotion and transfer rights.

Therefore, by hiring a trustworthy franchise attorney such as the Franchise Lawyer Washington, D.C in the beginning during the purchasing process, you will already have a solid business relationship with an attorney. For more information visit www.franchise-law.com