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Franchise Agreement Review

Franchising is what we do, and it's what we have been doing for 40 years.

 

If you are thinking of buying a franchise business, you want to get it right.  We will review your franchise agreement for a fixed fee and let you know what you're agreeing to.

 

Buying a Franchise Services

 

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Franchise Agreement Review

Buying or renewing a franchise is an important decision that shouldn't be taken lightly.

Whether you're a seasoned entrepreneur or a first-time franchisee, it's essential to consult with an experienced franchise lawyer before signing any agreements.

Our franchise lawyers have extensive knowledge of the franchise industry (we have been providing advice to the franchise industry for 40 years) and can identify any potential risks or issues in your documents.

We will provide advice on standard terms and any unusual or unfair provisions. We will also provide you with real world examples based on our experience as to how certain clauses operate and the possible consequences for you and your business.

Additionally, we will let you know your legal rights and protections under the Franchising Code of Conduct.

We offer fixed fee pricing to give you certainty, and can accomodate short  turnaround times.

 

Read Our Guide to Buying A Franchise

 

Some of the franchise agreements we have reviewed

 

 

Our Fixed Fee Franchise Agreement Review Packages

 

Basic Franchise Agreement Review

We will meet with you either in person or remotely for approximately an hour to go through the franchise agreement and disclosure document in the meeting (but not read the franchise agreement in detail beforehand).

We will answer any questions that you may have about the franchise agreement and we will provide you with general information about franchising and the risks associated with buying a franchise business.

 

Standard Franchise Agreement Review

We will read and review the franchise agreement in detail and go through the franchise agreement with you in an in-person or remote meeting of approximately one and a half hours, highlighting and explaining any clauses that we consider you should be aware of, that are important or that we believe are harsh or unusual.

We will answer any questions that you may have about the franchise agreement and we will provide you with general information about franchising and the risks associated with buying a franchise business.

 

Premium Franchise Agreement Review

We will read and review the franchise agreement in detail and go through the franchise agreement with you in an in-person or remote meeting of approximately one and a half hours, highlighting and explaining any clauses that we consider you should be aware of, that are important or that we believe are harsh or unusual and we will provide you with a written review.

We will answer any questions that you may have about the franchise agreement and we will provide you with general information about franchising and the risks associated with buying a franchise business.

 

Frequently Asked Questions

 

What is a Franchise Agreement

A franchise agreement is a legally binding contract between two parties: the franchisor and the franchisee.

It outlines the terms and conditions under which the franchisee is granted the right to operate a business using the franchisor's brand, trademark, or business model.

A well drafted franchise agreement will:
 
 

What terms are usually in a franchise agreement?

 

Under the terms of a franchise agreement a franchisee is usually granted the right to use the franchisor's name, trade mark and system, within a certain defined territory (or site) for a certain period.

The franchise agreement will also set out the franchisee's obligations such as:

 

1. Intellectual Property: The franchise agreement details the permitted use of the franchisor's trademarks, logos, trade names, and other proprietary assets.

2. Franchise Fees: The franchise agreement outlines the financial obligations of the franchisee, such as upfront fees, ongoing royalties, advertising contributions, or other payments to the franchisor.

3. Territory and Exclusive Rights: The franchise agreement defines the geographic area where the franchisee is allowed to operate and whether they have exclusive rights to that territory or face competition from other franchisees.

4. Operating Standards: The franchisor establishes specific guidelines, standards, and procedures that the franchisee must follow to maintain consistency in the business operations, product quality, customer service, and branding.

5. Training and Support: The franchise agreement may outline the training programs and ongoing support that the franchisor will provide to the franchisee, including initial training, operational assistance, marketing support, and access to proprietary systems or technologies.

6. Term and Renewal: The franchise agreement specifies the initial term of the franchise agreement and any renewal options, as well as conditions for termination or non-renewal.

7. Transfer and Exit Options: The franchise agreement may address the conditions and procedures for transferring ownership of the franchise to another party or selling the business, as well as any restrictions or approval requirements.

8. Dispute Resolution: The franchise agreement includes provisions for resolving disputes between the franchisor and the franchisee, such as through negotiation, mediation, or arbitration.

Franchise agreements are complex documents that protect the interests of both parties involved and provide a framework for the successful operation of the franchise. It is important for both franchisors and franchisees to carefully review and understand the terms of the agreement before entering into this business relationship.

 

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