What Does a Franchise Lawyer Do, and Why Do You Need One?
The Growing Popularity of Franchising in Entrepreneurship
The franchising industry is gaining significant traction among entrepreneurs. It offers a fantastic opportunity for individuals to launch a business by leveraging an established company's positive reputation and successful business model.
Similarly, this approach allows established brands to broaden their market presence and enhance their popularity. While it generally creates a win-win situation, successful collaboration hinges on both parties—franchisors and franchisees—reaching a mutual agreement. This is where the expertise of a franchise lawyer becomes essential. Legal matters can be intricate, and only a seasoned team can navigate them effectively.
Anyone embarking on a franchising venture will require legal assistance. Below, you’ll discover the role of these specialized attorneys and how they can support you throughout your franchising journey.
Quick Takeaways
A franchise lawyer offers services to both franchised companies and franchisees, aiding them in making informed decisions during the agreement process.
Their responsibilities encompass providing client counsel, ensuring compliance with laws and agreements, understanding state and federal franchise regulations, representing both sides in court, and drafting franchise agreements.
When choosing legal representation, ensure they are licensed, specialize in franchising, and possess relevant expertise in corporate or business law.
The Federal Franchise Rule, overseen by the Federal Trade Commission (FTC), serves as the governing standard for franchises.
Our office can effectively address any legal questions about franchising. If you have any questions, please fill out the following form below and a Business Lawyer from our office will get back to you.
