Purchasing a franchise can be an exciting and rewarding experience; the benefits of which are well publicised.
Statistically, buying into an established franchise has much lower risk of failure than other start-ups and once signed and sealed, a franchise agreement should give you immediate access to a tried and tested business format.
Are you tying yourself into a long-term contract?
However, a franchise agreement can entail significant financial commitment. You may be tying yourself into a long-term contract with substantial obligations.
Personal guarantees may also be required, making you personally liable if the business doesn’t thrive.
And importantly, you will have put a lot of trust into your franchisor and their promises of a successful franchise. Franchisors do not always keep their promises.
If you are thinking about becoming a franchisee, thorough research and good advice are of paramount importance.
We can help you with:
Whether it’s drafting and negotiating master franchise agreements or advising on existing franchise agreements, we are the ‘go to’ lawyers for a number of well-established franchisors.
We also act regularly for franchisors who are expanding overseas, creating franchise agreements for the international market.
New to franchising?
Our expert franchise lawyers will guide you through every step of your franchising journey. Before we create your bespoke franchise agreement we can assist you with the following, so that you feel confident your proposition is steadfast:
We can help you with: