Franchise Protections
What is Franchise Law?
Franchise Law is extremely complex and can have significant variation from state to state. Experienced franchise and business attorneys can be invaluable in helping to navigate the nuances of franchise law. We are proud to offer services representing franchisors and franchisees.
What is a franchise?
According to the International Franchise Association, a franchise is a relationship between two parties where the franchisor distributes products or services involving a business system with a brand and/or tradename (franchisor) to a franchisee who pays a royalty and often an initial fee for the right to do business under the franchisor's name and system.
Under a franchise system the franchisee is given the right to promote and sell products or services associated with the franchisor’s trademark. The franchisor has the authority to dictate the franchisee’s methods of business and is legally able to exert a significant amount of authority over the franchisees operations.
Franchises create more than 7.6 million jobs, produce $674 billion in sales, and contribute to 2.5% of the US GDP.
According to Statistica, the United States had a total of 773,603 franchises as of 2019. Franchises carry tremendous economic impact to local communities while activity from entrepreneurs buying and operating franchises boost hiring and economic development.
Why do I need a franchise attorney?
A franchise attorney can help prospective businesses navigate the complex process necessary to start a franchise. Here are a few reasons why hiring a franchise attorney is a valuable part of starting your business.
We know what is important
According to the federal and state laws, all potential franchisees must receive a lengthy Franchise Disclosure Document (FDD) to review prior to buying a franchise. This document provides disclosures of information that help guide a franchisee’s decision about their investment. Our firm understands the intricacies of the FDD and Franchise Agreement from both the franchisor and franchisee’s perspective and can help franchisor’s prepare their FDD, as well as review FDD’s for franchisees.
We help guide you
There are many things to consider prior to either creating a franchise system, or buying a franchise. Choosing the best business structure for you is crucial to your success or failure. We can help you navigate creating a new franchise system, or in structuring your entity as a franchisee.
We can advise you
In disputes between franchisors and franchisees, we have represented with both franchisors and franchisees in providing counsel on resolving such disputes. Given the complexity of the franchisor-franchisee relationship, it can be difficult to foresee the problems that can arise in the future. Whether franchisor or franchisee, we are experienced in navigating solutions to franchise disputes when these challenges arise.
We will protect you
Whether a franchisor or franchisee, both parties in a franchise want the business to succeed. However, as with any agreement, both parties also have rights that sometimes need protecting. We can make sure that you are protected and understand the details of your Franchise Agreement.
Make sure you are fully protected before you begin your franchise venture. We specialize in this complex area of the legal system and have all the experience necessary to help ensure your business is successful.
