When you decide to become a franchisee, you commit a large portion of your valuable time and money. What, if the money invested flows down the drain and you as a struggling franchisee is left high and dry. To save oneself from all such mishaps one must ta
Some of you may think why waste money on hiring a professional lawyer when you have your own franchisor’s word, that the business is a definite success. The franchisees should be aware of all aspects of the business, and must understand the importance of a qualified franchise lawyer. First of all, it should be clear as to who can be referred to as a ‘qualified franchise attorney’. A lawyer should be specialised in franchise law and should have years of experience in franchise industry. Take care that the lawyer you employ is not an agent of your franchisor as well.
Necessity of a franchise lawyer:
Aspiring franchisees should know that it is not only the franchisor who need to employ lawyers for transactions but franchisees also have to be vigilant about the franchise agreement and other legal terms. Some reasons why a franchise attorney is essential are given below:
Considerations for appointing an attorney
Franchisees must have understood the importance of franchise lawyers by now, but one has to be careful in appointing a franchise lawyer.
Duration of services
A franchise attorney is not only required during the initial stages of starting a franchise, but his services may be required during the later course of business too in matters such as contract renewal or resolution of any potential disputes with the franchisor if any, arising.
Prospective franchisees that have been in search for a good attorney can now take an easy breath and relax, as listed below are some ways to find one:
Well with this, hopefully, all aspiring franchisees can gauge the need of a franchise lawyer and save themselves from various mishaps and frauds.