Franchise Law overview
The experienced attorneys at Your Small Business Law (YSBL) firm assist both franchisees and franchisors with the franchise relationship.
(Buying a business)
Buying a franchise might be the best decision you make, but without the proper due diligence and representation, it could be the worst decision. YSBL can assist you with the decision to purchase a franchise and help you understand the complete investment before you sign on the dotted line. Some of the services YSBL provides to prospective franchisees are:
Franchise Disclosure Document (FDD) review and negotiation;
Franchise Agreement review and negotiation;
Conducting due diligence of the franchisor.
(expanding your business)
Expanding your existing business by franchising might make a lot of sense in order to obtain additional capital and enter new territories. A business owner, however, should understand the impact of franchising their business including loss of control of some aspects of the business and the state and federal requirements imposed on franchisors. Some of the aspects that YSBL can assist potential franchisors include, but are not limited to:
Drafting and reviewing the Franchise Disclosure Document (FDD);
Drafting and reviewing the Franchise Agreement;
Complying with annual state and federal requirements.