How to buy a franchise business

18 Mar 2012 by in Intellectual Property
Rate this item
(0 votes)

Franchise ownership can be highly rewarding. But great rewards rarely come without risk. And when it comes to the risks associated with buying a franchise, rewards are even harder to come by without the advice and assistance of an experienced franchise law firm.

With a national reputation and unique perspective garnered from decades of experience representing franchisors and franchisees alike, our Beijing lawyer provides legal counsel and services designed to help clients ranging from start-up entrepreneurs opening new franchises to multi-unit operators buying existing franchise units and everyone in between manage risk and maximize their chance of success.

Due diligence before buying any franchise, new or existing, yields tremendous dividends later on. With this in mind, this law firm assists clients in researching each franchise system under consideration to determine which one is best suited to their individual needs and goals. The firm also recommends that clients hire an accountant to assess the franchisor's financial condition.

The firm's attorneys will review the information, rights and obligations described in the franchise disclosure document (FDD) and franchise agreement searching for provisions and clauses, such as those that limit the client's right to renew its agreement, that may not be in the client's best interest, such as a multi-unit developer obligation to open a certain number of new franchises within a certain time frame. The firm then enters into direct negotiations with franchisors to change those terms, as needed.

In addition to laying the initial groundwork for purchasing a franchise, lawyers at this firm also provide business formation services, draft agreements with third parties (including independent contractor, supplier, employment, confidentiality and non-compete agreements) and represent franchisees in all real estate matters.

Read 18243 times
Super User

You are welcome to send me email for a consulation and you can expect to receive my reply in one business day. Email: law@beijinglawyerblog.com

Leave a comment

Make sure you enter the (*) required information where indicated. HTML code is not allowed.

You are here: Practice Areas Intellectual Property How to buy a franchise business

Testimonial

The lawyers from this Beijing law firm always answer my questions promptly. I think promptness, prudence, loyalty are the most important character for lawyers. If possible, I would like to work with you again, although I don't want to get involved in lawsuit anymore.!

Get in touch

Give us a call at
+86 18819019636

Email us at
peterzhulaw@hotmail.com