Do I Need a Franchise Attorney?

Are you considering opening a franchise? These are some scenarios in which a franchise lawyer may be useful.

What you’ll discover:

What Does a Franchise Attorney Do?
How Do I Determine If I Need a Franchise Lawyer?
How Much Does a Franchise Attorney Charge?
What Can I Expect While Dealing with a Franchise Attorney?

A franchise lawyer is important throughout your business’s lifecycle: when it is initially established, when management issues occur, and when disagreements need intervention. Here’s what you may anticipate if you believe you might need the assistance of a lawyer.

What Does a Franchise Attorney Do?

A franchise lawyer is a sort of corporate lawyer that specializes in franchise-related legal concerns.

A franchise lawyer can guide you through the process of franchising your company or purchasing a franchise shop. Your lawyer may draft and update any papers you need, as well as represent you in negotiations or court if any payment or procedural concerns emerge.

How Do I Determine If I Need a Franchise Lawyer?

Your lawyer is familiar with all of the rules and regulations that pertain to creating or operating a franchise, so if you have any questions or concerns concerning franchise administration, you should consult with a lawyer. Franchise attorneys may specialize in transactional processes, which means they will handle the store’s establishment and management, as well as any paperwork or tax problems you may have. They may also specialize in litigation, which means they are more suited to assist with disagreements, negotiations, and lawsuits. A franchise lawyer may be able to handle both transactional and litigation processes, but be sure your lawyer has expertise in the subject you want assistance with.

How Much Does a Franchise Attorney Charge?

Several franchise attorneys charge an hourly rate plus a retainer. A retainer is a lump sum payment you make up advance from which the lawyer deducts hourly charges. This is based on an estimate of how long your case will take, but if you exceed the projected number of hours, you will be charged an hourly rate. Negotiate a fee with your lawyer ahead of time so you know what to anticipate when the bill comes.

What Can I Expect While Dealing with a Franchise Attorney?

You may expect to have a watertight agreement in place with your franchise after working with your franchise lawyer, so that you both know the service expectations supplied and the advantages obtained in the relationship. Any disagreement should be resolved, either via renegotiation of conditions or through a lawsuit seeking compensation for breach of contract. A franchise lawyer will advise you on the best line of action to take if you have a problem with your franchise.