Buying a franchise means making a commitment of time and money. The decision involves finding a business that’s right for you, at a level of investment that works for you. There are many factors involved in evaluating and entering into a franchise relationship.
The Federal Trade Commission requires all franchisors to recommend that a franchise buyer first consult a professional. Buyers should have their attorney review the franchise agreement and Franchise Disclosure Document.
You may ask your attorney to provide franchise advice regarding:
- Federal and State Franchise Regulations
- The Franchise Disclosure Documents
- Exclusive Territory
- Franchise Fees and Other Charges
- Training and Other Support
- Accurate Representations, and Risks of Misrepresentation
- Marketing Support
- Real Estate, Sales and Leases
- Regulatory Compliance
- Franchisor’s Trademarks
- Term, Termination and Non-Renewal
- Risks of Breach of Contract
As a Franchisee, you will be responsible for making day-to-day business decisions involving commercial real estate, customer service, human resources and employment, marketing, product quality, sales and supply chains. Finding a good franchise system means you may get helpful guidance in these areas.
Selecting an experienced franchise lawyer will be a key step, helping you get thorough legal advice regarding the contract you will sign, and your commitment of time and money.
Our Franchise Law Attorneys are experienced in wide ranging industries. They write treatises and articles, edit franchise law journals, serve on national and state franchise law committees, and provide expert testimony in courtrooms. Lewitt Hackman’s Franchise and Distribution Practice Group is led by three Certified Specialists in Franchise and Distribution Law. There are only about 50 attorneys in in all of California who have earned this distinction.
Before you commit to a franchise, contact one our Experienced Franchise Attorneys to advise you.