It has always been troublesome for us not to know how things work, like how networking does its magic, how a specific machinery functions, and how the law applies to our everyday lives. So if you have no idea how franchise lawyers work and how they can help, you just found the right article to help you out.
A lawyer, franchise lawyer, and franchise attorney are people who are well-versed in how legal issues involving federal and franchise law applies. They are your lifeguard when you are about to drown and have trouble getting back up on your foot. So for the rest of this article let’s assume we are looking to open up a Wendy’s restaurant in Scottsdale Arizona – and we are in need of a Franchise Attorney in Scottsdale
Without further ado, let us briefly discuss what these lawyers can do for you and how you can benefit from it.
What Do Franchise Attorneys Do Exactly?
A well-versed franchise attorney can help future business owners move their way to the preliminary process needed for starting a franchise operation business. They help out reviewing certain documents and agreements like (FDDs), known as Franchise Disclosure Documents, which is provided to the potential franchisee by the probable franchisor candidates.
Some franchise agreements tend to favor the franchisor, and this is where the franchise attorneys come in. They are willing to review these agreements and make negotiations that may favor the franchisee. They will look for unfair terms and will urge better terms for it.
Some of the FDDs will consist of:
- The liabilities of the company franchise in both prior and after opening the business.
- The starting fees and recurring fees will be required for the franchisee to pay.
- List of financing arrangements provided
- A breakdown of the startup incurred during the initial investment before and after the business opening.
A franchise lawyer is a valuable key asset for business matters that may arise during the operation if you lack knowledge of how to resolve matters and eventually lose leverage against their franchisor.
Suppose you believe that you lack knowledge on how the law works, especially when it comes to franchising. Get in touch with someone who knows what they are doing and can help you stand your ground if you are being violated or there has been a breach with the contract that has been signed.
Never risk-taking matters on your own when you have little wisdom in these kinds of grounds. When you do something wrong that is not according to the law, you will be eaten alive, and before you know it, you have already lost your business and your invested money.