Franchises, Leases, Contracts
When joining a Franchise, there is rarely much room for negotiation. Regardless, it is worth going over a Franchise Agreement with a lawyer to ensure that you go in with your eyes open. We can bring things to your attention that you may have overlooked, as we all provide general business advice about any recent or little known legal issues.
When entering into a Franchise Agreement, it is important to properly consider a host of issues, such as:
- Leasing or subleasing requirements
- Supply restrictions
- Maintenance obligations
- Competition restrictions
- Record keeping or reporting requirements
- Site development requirements
- Franchise fees (percentage or otherwise)
Leases and Contracts
If you have been given a Commercial Lease or Contract to sign, it is a good idea to have your lawyer review it with you. Commercial Leases and other Contracts can be lengthy and are typically difficult to fully understand. It is important to into any written agreement with your eyes open.
By working with a lawyer, you can ensure that your contracts accurately reflect the agreements you have made. We can also help by raising potential future issues that you had not contemplated, and making sure that a fair and reasonable solution to those issues are covered by the contract.
A properly draft contract should leave no room for surprises, and can save you both time and money down the road.