Setting up your own franchise can be an exciting process, but it can be overwhelming and complicated too. Consequently, if you aren’t as gifted in legal matters as you are in entrepreneurship, you probably should hire a franchise lawyer to help you get things going.
Even if your business is doing well enough that you are tempted to make it a franchise, there are a lot of things that need to happen before the change is complete. As you prepare to expand, hire more people, serve more customers and earn royalties, there is a lot of legal footwork to take care of first.
For example, you will need to know state laws, international laws and real estate laws before you can expand into new areas. There are also specific laws that regulate the sale and management of franchises. If you aren’t familiar with all these laws, you could make serious mistakes that end with the loss of your business. To prevent this outcome, you just need to work with someone who can guide you through all the legal hoops.
It will also be important to hire a franchise lawyer as you negotiate royalties, accounting rules and company standards with franchisees. After all, as they become small business owners who manage branches of your franchises, their management and performance will affect public perception on the entire company name. When negotiations are complete, it will be imperative to make those agreements legally secure as well.
After your franchise is developed, situated, managed and registered correctly, a franchise lawyer can also protect your business as it functions over the years. Then, if accidents or other events bring law suits against your franchise, it will be comforting and helpful to know that you have a professional working to protect your business.
The very nature of franchises makes them susceptible to legal challenges. They go to many areas, they serve and employ a lot of people, and they require strong central support and guidance. Whether you are setting up a new franchise or protecting an investment that you have already established, a franchise lawyer can provide you with invaluable knowledge, experience and service.
As you look for the right franchise lawyer, chose an individual who has had a lot of experience in every area of franchise law. Good places to look for talented lawyers are law conventions and forums. The speakers will often be successful practicing lawyers who are so well known for their expertise that they have been recruited to teach their skills to others.
About the Author
Einbinder & Dunn is one of the most experienced franchise lawyer firms in the country. Both Einbinder and Dunn are famous for their forums and writing on franchise law. To learn more about their services, visit their website at http://www.ed-lawfirm.com. The author, Art Gib, is a freelance writer.