Franchise solicitors are important to have on your team if you’re opening a franchise, but why exactly? Here are five excellent reasons to consider hiring one.
1) A franchise solicitor can save you time
If you’re considering taking your business in franchise direction, it’s important to make sure you get advice from someone who has years of experience in dealing with franchises. A franchise solicitor can advise you through all aspects of franchising, including finding and negotiating with a franchisor.
When you decide to sell your company, they can help you get top dollar by helping develop and position your franchise for success.
2) A franchise solicitor can make sure you don’t miss out
By partnering with a franchise solicitor, you can ensure that your new business takes off from day one. With their knowledge of franchising and experience in helping clients establish new businesses, franchise solicitors can make sure you’re doing everything by-the-book and your organization runs as smoothly as possible. They’ll also protect your interests in regards to contracts, licenses, and much more.
3) A franchise solicitor knows all the ins and outs of franchising
Before you sign up with a franchise, make sure to get advice from an expert who knows what they’re talking about. Not only do franchise solicitors have years of experience in franchising, but they also know what to look for and how to deal with unexpected legal issues that might come up in your franchise relationship.
An experienced franchise solicitor will review all parts of your contract carefully before you sign it and advise you on business choices that you may not be familiar with.
4) A franchise solicitor can help protect your interests
Choosing to work with a franchise solicitor when buying or selling a franchise can help ensure that you make an informed decision about your purchase. A good solicitor will guide you through your options and help you avoid potential pitfalls.
5) A franchise solicitor works for YOU, not the franchisor
It’s important to realize that when it comes to commercial law and franchising, your franchisor is not necessarily looking out for your best interests. While there are a few exceptions, for many franchisors you’re just another ticket.
A franchise solicitor is NOT associated with any one brand, so they can provide you with impartial legal advice regarding all aspects of your franchise agreement.