Are you considering franchising your business or buying into a franchise?
Navigating the legal intricacies of franchise agreements requires expert legal advice to ensure your interests are protected.
At Atkinson Crehan Law, we specialise in providing comprehensive legal services for franchisors and franchisees. Here’s how we can assist you:
Independent Assessment and Documentation Review
Most franchise documents are non-negotiable, but it’s crucial to have a truly independent and objective assessment of the quality of the proposal. Our team provides a plain English interpretation of the often lengthy franchise documentation, ensuring you fully understand all terms and conditions. This includes key aspects such as your obligations, restrictions, and potential liabilities.
Understanding Franchise Terms
It’s vital to know what you are getting with the franchise, how long you will have it, and how much it will cost you. We help you comprehend the duration of the franchise agreement, renewal terms, and associated costs, including initial fees, ongoing royalties, and marketing contributions. Our goal is to ensure there are no hidden surprises and that you are fully informed before making a commitment.
Legal Due Diligence
Conducting thorough legal due diligence is essential when buying into a franchise. We investigate the franchisor’s background, the franchise system’s success rate, and any existing legal disputes. This helps you make an informed decision and mitigates potential risks. Our comprehensive due diligence services include reviewing financial statements, operational history, and compliance with franchise laws.
Negotiating and Drafting Agreements
While many franchise agreements are standardized, there may be room for negotiation in certain areas. We assist in negotiating terms that are crucial for your business’s success. Additionally, if you’re franchising your own business, we help draft clear and legally sound franchise agreements that protect your brand and interests.
Compliance and Regulatory Advice
Understanding and complying with franchise laws and regulations is crucial. Our experienced team provides guidance on relevant legal requirements, ensuring your franchise operates within the legal framework. We help with registration, disclosure documents, and compliance with federal and state franchise laws.
Dispute Resolution
Franchise relationships can sometimes lead to disputes. Whether you’re a franchisor or a franchisee, our skilled legal team is adept at resolving conflicts efficiently. We aim to achieve favourable outcomes through negotiation, mediation, or litigation if necessary, protecting your business interests.
Ongoing Legal Support
The franchise relationship doesn’t end once the agreement is signed. We offer ongoing legal support to address any issues that arise during the course of your franchise operation. This includes advice on renewing or terminating the franchise agreement, compliance with new regulations, and any other legal matters that may affect your business.
Personalised Legal Services
Every franchise is unique, and we provide personalised legal services tailored to your specific needs. Whether you’re a franchisor looking to expand your business model or a prospective franchisee evaluating a franchise opportunity, our dedicated team is here to support you every step of the way.
Ensure your franchise venture is handled with the utmost professionalism and care. Contact Atkinson Crehan Law today to schedule a consultation and secure the legal expertise you need for a successful franchise business.
