Getting started with franchising of an existing business or brand name can be an exciting venture, but also requires the help of an experienced lawyer.
Do you have legal questions regarding franchises? Our business law attorneys can help. Contact a business lawyer in your area today to learn more about how you can receive legal representation regarding debt collection and your business.
Everything provided and expected from both parties has to be clearly defined in the franchising agreements, and before that there is the Franchise Disclosure Document. This FDD is required by law and has to contain all the relevant information about the business that a prospective franchisee needs to know about. All these and other possible franchising-related legal services are listed below:
After a franchisee has been appointed, there is a potential for legal liabilities and lawsuits filed by customers or other affected parties at one of the franchise centers. Sometimes, the franchisor may need to take legal action against a franchisee who is not abiding by the terms of the franchise agreement.
Franchising agreements often need to be modified to reflect changes in the business environment or federal or state regulation updates. In this case, a lawyer can help by putting together a supplemental agreement or a new contract that adds or changes some clauses or language required by the franchisor. For instance, when a private business goes public with an IPO, the contracts with all franchisees will have to be modified.
Would you like to know more about the laws surrounding franchises? Our business lawyers can help. Contact a business law attorney near you today for more information.
Did you know?
A Franchise Disclosure Document has to be provided to a franchisee at least 14 days before the agreement is signed.
The Federal Trade Commission requires that your FDD be provided to a prospective franchisee at least 14 days before you get paid or the agreement is signed (whichever comes first.)