It is completely understandable why you would be interested in setting up a franchise. The fact is that franchises are more important to the economy now than even ten or fifteen years ago. The fact is that small businesses are so hard to run in the modern economy, and one of the ways that you can make it work is if you are part of a franchise. But you are going to want to make sure that you are making the right decisions. You have to ensure that you are doing this by the book, and that you are making a solid decision.
How can you do that? What you are going to want to do is talk with a franchise attorney about the matter. This can happen when you are a little bit along in the discussions. For instance, if you have not even talked with a franchise, then you do not need a lawyer. But if you have been through some conversations, to the point where you know the amounts in play and the basic rules of the franchise agreement, you should be hiring a lawyer. It is so important that you have someone to protect your interests.
You may be told by the company that you can use one of their lawyers. And if you are trusting, then you can go with that. But we believe that you should always have your own lawyer in these moments. Why? Because they can read over your contract and tell you if there are any issues. And if there are any legal aspects of the agreement you do not fully understand, your attorney can calmly and quickly talk you through those situations. If you are going to agree to this deal, you will want to do it with your eyes wide open!