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Family Law

Reasons For Hiring a Franchise Solicitor

If you are thinking of becoming a franchisor or franchisee, or if you are already involved in a particular franchise, you are highly likely to need the services of a franchise solicitor.
This article looks at how a franchise solicitor can help you and why you should definitely make sure you have a team of specialist solicitors on your side – and ones who can provide a wide range of legal support including intellectual property advice.
Initial advice
One of the main reasons for using a franchise solicitor is that they will be able to provide you with specialist advice. Making the decision to become either a franchisor or franchisee is not one to be taken lightly and so it definitely pays to be informed and make sure you have explored all of your options before taking the plunge.
For instance, franchising solicitors will be able to help parent companies decide whether to expand through franchise or whether there are other, more beneficial options that they should explore as becoming a franchisor isn’t right for everyone. Solicitors will also be able to advice would-be franchisees, making sure they know their rights and responsibilities and making sure that they have the financial ability to buy into their new business before going ahead.
Drafting new agreements
Another key role of solicitors is to draft new franchise agreements. This is really important as all agreements need to abide by UK law, European law and the relevant code of ethics. This means that agreements have quite a lot to take into consideration and so the services of specialist solicitors will be invaluable.
Reviewing and terminating agreements
Agreements also need to be reviewed from time to time to make sure that the contracts are still relevant, up-to-date and cover all appropriate eventualities. This is something else a franchise solicitor will be able to do, as well as providing assistance in the event that an agreement needs to be terminated.
Intellectual property
Intellectual property [or IP] incorporates issues such as business trade name, trademark, other branding and any other material associated with the business. This could include training materials or perhaps a particular model of business, what the code of ethics refers to as ‘know how’. It is important to get specialist intellectual property advice so that the right arrangements are in place to make sure the owner of the intellectual property (normally the parent company) is protected, but that the franchisee can also operate under the relevant brand without hindrance.
Resolving disputes
If any franchise disputes were to occur, a solicitor would also be able to assist to help resolve them, meaning that the role of the franchise solicitor is both varied and immensely important when trying to create a successful franchised business.…

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Legal Advice

Reasons to Consider Using Franchise Solicitors

Franchising is a specialist area of the law and if you are thinking of going in to it, you need to get the right advice first.
They make sure that you understand what’s happening and that you get the right kind of agreement for the sort of business you will be working with. If you’re on the fence as to whether you want to become a franchisee, read on to find out some of the best reasons you should definitely think about it and get on the phone for some specialist franchise legal advice from expert solicitors.
Tried and tested business
One of the best reasons for becoming a franchisee is that you will have a ready-made, tried and tested business to work from. If a company is looking for franchisees then it is more than likely to be because it is enjoying success and it wants to expand. If you decide to take on the responsibility, a lot of the work of setting up the business will already have been done for you so you’ll be able to get down to business much quicker than if you were setting up your own business from scratch.
Plus, your franchise solicitors will be able to walk you through the process so you’ll be able to feel more confident about taking on the challenge.
Support in setting up
Having a tried and tested business is also beneficial when it comes to support for setting up. The parent company is likely to have a range of manuals and other training material that you will be able to utilise. This will be useful when it comes to putting the business’s principles into practice and training staff. It will give you a good understanding of how to go about running the business, which will hopefully help you to turn your new business into a success.
Marketing benefits
Franchise solicitors will also be able to explain some of the benefits when it comes to marketing if you decide to become a franchisee. Marketing a business generally takes a lot of time and effort – this is true of all businesses, but if you are part of a franchise then it is likely that the parent company will take a role in marketing the business and may provide you with marketing materials that you can make use of.
Network of support
Finally, and especially if you become a franchisee for a company that has significant experience in the area, you’ll have a good network of support around you. Being able to talk to other franchisees can help you get through the process and they can give you advice on setting up your business. As well as the franchise legal advice and support from your specialist solicitors, you’re sure to be well on your way to success.…