benefits of hiring a franchise attorney | Scribble Print Articles
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benefits of hiring a franchise attorney
Starting a franchise can be a challenging task especially if you don?t have someone to help you understand the legal nuances of a franchise deal. It is important that you understand the terms and conditions mentioned in the franchise agreement to verify whether or not it protects your interests as a franchisee. As there are complex legal documents to comprehend, which define the franchisor- franchisee relationship, it is best to hire the services of franchise lawyers to help you through the process.
Franchise attorneys specialize in the legal aspects involved in a franchise business. Owing to their specialized knowledge of franchise laws, franchise attorneys can offer valuable help to franchise clients regarding various aspects of their business.
The following are some of the benefits of hiring a franchise attorney:
Understanding your franchise document
The franchise document outlines and details your business relationship with your franchisor. It is crucial that you understand what is stated in the franchise document. Franchise lawyers help you understand the terms and conditions of your franchise document, identify loopholes and answer any questions you have regarding your rights and obligations. A franchise attorney will be able to break down any complexities involved in a document such as this, helping you comprehend the legal aspects involved more easily.
A franchise lawyer also helps you negotiate contract terms, such as royalty amount, initial fee, renewal, transferring ownership etc with the franchisor company. He will also communicate your concerns and counter proposals to the franchisor effectively, keeping your best interests at heart.
Getting a franchise permit
You cannot start a franchise without a valid franchise permit. This permit allows you to market goods and services under the name of the franchise company. It gives you the license to use the company?s logo and trademark when marketing these goods. Before you obtain a franchise permit, you should understand the state laws that govern a franchise business. Franchise lawyers help you get a franchise permit that adheres to the state laws.
Assistance with Other Aspects of Your Franchise Business
A franchise lawyer also offers assistance with other legal matters involved in starting your franchise business. Creating a 'corporation?, 'llc (limited liability company)? or 'limited partnership business entity?, negotiating leases and employee contracts ? the lawyer can help you in a number of legal matters pertaining to your business.
It is important that you hire the services of a qualified franchise lawyer. Only a competent lawyer will be able to negotiate favorable contract terms and conditions. Experience also counts- make sure the franchise attorney you hire has ample experience in the field. You can rely on such a lawyer to understand and communicate to you the nitty-gritties of the franchise document efficiently. He will also spot any unusual terms in your franchise document that are not commonly mentioned in franchise agreements and raise the red flag.
Also, ensure that the franchise attorney you hire has a good understanding of the state laws. It is best to approach the American Bar Association for recommendations on franchise lawyers. This way you can be assured of referrals that are credible and competent. --> addthis_pub = 'topsites';
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About the Author
For more information on a corporate lawyer in Toronto or a franchise lawyer, contact Heydary Hamilton PC
(saran). Html View | View PDF | Print View Total views: 0 Word Count: 582--> Submitted on Wed, 1 Feb 2012 Time: 7:33 PM -->
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