Franchise Attorney

Franchise attorneys offer invaluable advice and services to people who are thinking about buying, or even already own, a franchise. These professionals have legal expertise in the issues that franchisees face as they start their businesses. Hiring a good franchise attorney is considered a worthwhile investment. Most legal advisers in this area have a great deal of knowledge, training, and experience that will offer anyone the advice and support needed before taking part in a business venture.

If someone is serious about getting involved in this business, it is important to consult with one or more franchise attorneys before signing any forms, such as the contractual agreement. Experts suggest that individuals check with the franchiser as to whether they will accept changes to the agreement. In the case that the agreement can not be changed, then it will not be worth the persons time and money to ask a franchise attorney to make changes. When the franchiser is open to negotiation on the agreement, then the individual should ask the attorney for a fixed rate or at least an estimate to look it over. It is important for the individual to remember that legal counsel often charges hundreds of dollars per hour, so taking advantage of every meeting is vital.

Other services that these legal representatives can provide include general advice and consulting on selecting a company. A good franchise attorney can help individuals by objectively pointing out the pros and cons of the various opportunities that they are investigating. Many people appreciate that their lawyers advocate on their behalf during their discussions, because this forces the potential owner to look at all angles of the business before committing to a decision.

Legal representatives with expertise in this business field can also help individuals understand and establish a franchisee entity, whether that is a corporation, a limited liability company, or a limited liability partnership. Also, franchise attorneys can help the individual negotiate if they need to buy or lease land or a building to operate the business. If the agreement sets forth certain parameters for these issues, the legal counsel can ensure that these are addressed. Last, but certainly not least, a good attorney can help with SBA lending, equipment leasing, and other areas of financing as a person begins their operation.

Experienced legal representatives, as with many other professionals, are best found through referrals. A person can ask other franchisees within the business which franchise attorneys they used and if they would recommend them. Obviously, a person will be better served by someone who is familiar with the franchiser and the agreements. It is important not to become limited to a local franchise attorney, but the one chosen should be licensed to practice in the individuals state. Proverbs 15:22 states, "Plans fail for lack of counsel, but with many advisers they succeed." Use a good legal counsel can be a great beginning to a successful venture.

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