If you are a franchise owner or thinking of becoming a franchisee, you need to hire a franchise lawyer to keep your business interests safe. Franchise lawyers are specialists in drafting franchise agreements and dealing with any other legalities that you may encounter in your new business. You are likely to find a wide array of franchise lawyers in your area, however proper care should be taken and research should be done before selecting a franchise lawyer to assist you with your business.
When are you ready to sign a franchise deal, you will need to review and sign two very important documents that include the franchise agreement and the franchise disclosure document. These are legal documents that will bind you to specific terms as agreed upon by both the franchisee and franchisor. It is a lengthy document that may be difficult for the average person to fully comprehend. A franchise lawyer can help you to review the document and understand exactly what you are agreeing to. It is important to hire a franchise lawyer before you sign any documentation so that you fully understand what you are committing to. While there is typically no room for negotiation in a franchise agreement, a lawyer can help you work through some of terms that are negotiable – for example, rights of refusal.
It is highly recommended that you find a franchise lawyer who has the knowledge and experience to be able to represent you and assist you with your business properly. Franchise laws may differ from state to state, so you should hire a lawyer that has specific knowledge of that state you will be operating in. When looking for a lawyer, you can either ask for recommendations or find one through the bar association. No matter where you find your franchise lawyer, be sure to find out more about their track record as well as their fees before retaining their services. You will want a lawyer who has experience specifically dealing with franchise laws.
A franchise lawyer can review any agreements before you sign them to ensure that they are fair and just. They are also able to advise you on any other legal issues such as becoming a business entity, lease agreements and anything else you might need. You will also need a franchise lawyer to help you with issues like employment law, distribution, intellectual property and possibly even bankruptcy. They know franchise laws like the back of their hand and will help you to navigate the complicated world of having your own business.
Hiring a professional franchise lawyer is one of the best ways to ensure your new business endeavor is a success. The average person is not likely familiar with the laws and terminology associated with being a franchisee, so a lawyer specializing in franchise law can help you navigate through all of the paperwork and policies. Once you retain their services, you are their client and they have your best interest in mind. They will be able to alert you about any potential problems before they arise and help you to get the best contract possible.