A franchise is an excellent way for self-motivated individuals to become their own boss. However, not all franchise opportunities are equal, and you must be diligent in your research of the parent company before putting any money down. That said, the difference between a mutually beneficial relationship with the parent company and a total nightmare for the franchisee often comes down to the fine print terms of the franchise contract. It’s incumbent on you to get trustworthy advice from a knowledgeable attorney who can evaluate your franchise agreement and alert you to potential pitfalls. Not all California franchise law attorneys are equal. At TransActionLaw, I draw on more than 30 years of business law experience to review franchise agreements and advise potential franchisees. I also continue to represent franchisees in their dealings with their parent companies to ensure fair and equitable treatment under the terms of their agreements.
Consulting a business law attorney before you sign a franchise agreement is an absolute necessity. I explain all terms and conditions of the contract in plain language so you can fully understand the expectations of performance for both parties. Often, a full explanation of the give-and-take with the parent company leads a client to re-evaluate the decision to take on the franchise. In other cases, knowing the rights and responsibilities gives the franchisee the confidence to proceed. It also helps to know you have an attorney you can trust whenever contractual issues arise.
Issues that come up most often with franchisees I represent include:
A franchise agreement allows you to start up a business that already has name recognition and customer loyalty. But before you take on a long-term commitment, you must accurately assess your chances of success. A consultation with a knowledgeable franchise attorney is a necessary first step.
To enhance your prospects of success as a franchisee, get advice and representation from a knowledgeable business attorney at TransActionLaw. To schedule a consultation, call 949-668-1385 or contact me online.