Becoming
a franchise owner can sound profitable and many people think this is the
easiest way to venture into business. However, this is also true equally that
there can be risks too which are not easy to figure out for a person with no
knowledge of complex terminologies mentioned in the Franchise Disclosure
Document. Any misinterpretation of a statement or terminology can cost dearly
to you if you are serious about business. You may think that rushing to the
nearest law firm and hiring any experienced attorney will put you in a safe
place, but you are hugely mistaken.
a franchise owner can sound profitable and many people think this is the
easiest way to venture into business. However, this is also true equally that
there can be risks too which are not easy to figure out for a person with no
knowledge of complex terminologies mentioned in the Franchise Disclosure
Document. Any misinterpretation of a statement or terminology can cost dearly
to you if you are serious about business. You may think that rushing to the
nearest law firm and hiring any experienced attorney will put you in a safe
place, but you are hugely mistaken.
There are
plenty of franchise firms in the United States of America, but it is always
recommended to choose a one with dedicated franchise attorney as only he or she
can have the skill set that can genuinely help you in a long term if you are
aspiring to become a franchisee owner. Attorneys with no specialization in
franchise laws may not be well competent enough to negotiate on behalf of you
and neither could save you from any penalties in case you are slapped by your
Franchisor cleverly.
plenty of franchise firms in the United States of America, but it is always
recommended to choose a one with dedicated franchise attorney as only he or she
can have the skill set that can genuinely help you in a long term if you are
aspiring to become a franchisee owner. Attorneys with no specialization in
franchise laws may not be well competent enough to negotiate on behalf of you
and neither could save you from any penalties in case you are slapped by your
Franchisor cleverly.
Franchise
Laws are complex
Laws are complex
It should
be understood that franchise laws are very complex and an attorney with no
specialization in the same may not be competent enough to help or represent you
even if he or she try hard to do the same. Franchising in the United States of
America is regulated by many state agencies and U.S. Federal Trade Commission
(FTC). Everywhere the FTC rules are applicable within the country while those
of state agencies are applicable only under certain pre-conditions.
be understood that franchise laws are very complex and an attorney with no
specialization in the same may not be competent enough to help or represent you
even if he or she try hard to do the same. Franchising in the United States of
America is regulated by many state agencies and U.S. Federal Trade Commission
(FTC). Everywhere the FTC rules are applicable within the country while those
of state agencies are applicable only under certain pre-conditions.
Again,
the franchise laws are under certain categories like disclosure laws,
registration laws, and relationship laws which are not easy to understand.
There are even government penalties for any violation of these laws by the
franchisor which makes it all the more necessary to have the best person on
board to give an appropriate advice before moving into the territory of
franchisee business. To decipher the finest print is not a cakewalk and
dedicated franchise attorneys have mastered the art of deciphering the same
with an utmost perfection.
the franchise laws are under certain categories like disclosure laws,
registration laws, and relationship laws which are not easy to understand.
There are even government penalties for any violation of these laws by the
franchisor which makes it all the more necessary to have the best person on
board to give an appropriate advice before moving into the territory of
franchisee business. To decipher the finest print is not a cakewalk and
dedicated franchise attorneys have mastered the art of deciphering the same
with an utmost perfection.
Negotiation
and conflict management is not easy
and conflict management is not easy
It is a
sad truth that in a business, environment conflicts are bound to happen over an
array of issue even if the intentions are good and no matter how you try to
avoid them. In case of any possible dispute a franchise attorney can be
an angel for you in resolving the same in a most amicable manner with his or
her vast experience and knowledge base. In fact such an attorney can be crucial
in building a strong rapport between you and your franchisor as they are always
committed to building a productive relationship to let your business flourish
without any hindrances.
sad truth that in a business, environment conflicts are bound to happen over an
array of issue even if the intentions are good and no matter how you try to
avoid them. In case of any possible dispute a franchise attorney can be
an angel for you in resolving the same in a most amicable manner with his or
her vast experience and knowledge base. In fact such an attorney can be crucial
in building a strong rapport between you and your franchisor as they are always
committed to building a productive relationship to let your business flourish
without any hindrances.
So, if
you are keen to have an attorney, it is advisable to choose one with a
specialization in franchise laws. You can even go for a free consultation
before hiring anyone.
you are keen to have an attorney, it is advisable to choose one with a
specialization in franchise laws. You can even go for a free consultation
before hiring anyone.
