Franchising is a great way to get into a new business. There is comfort and some security in opening the doors of a new business that comes with a known name, established brand, and reliable product. Opening a franchise can be a daunting and complex process, however. Typically it involves an approval process, an outlay of significant cash and other resources, and contracts that can run into the hundreds of pages. Our business franchise attorneys are ready to assist you and answer your questions.
In assisting new business clients to the franchising process, some common questions posed to us include:
- What exactly am I buying and for how long?
- Who will be responsible for advertising and marketing?
- What restrictions will I have in operating my franchise?
- How much control will the franchisor have over my business?
- How much input will I have into the location of my franchise business, and what do I do if I believe another franchise business is operating too close to my location?
- What happens if the business does not do well?
- Are there any confidentiality, non-compete, and non-solicitation issues I need to be aware of in my contract, and if so, what do they mean?
There are no uniform answers to these questions, as each franchise is different and unique. Having the assistance of good business franchise counsel and solid information is crucial to ensuring the franchise you are buying is a good fit for your business needs and goals. Our business franchise attorneys bring a wealth of experience and expertise to work for you. Schedule your consultation online now to discuss your franchise and questions.