If you’re looking for a lawyer to represent your franchise, get specific about what you want, and seek out lawyers who work with comparable franchise brands. Your lawyer needs to have a thorough understanding of Franchise Disclosure Documents and regulatory matters. Don’t make the potentially grave error of going with the lawyer who wrote your will, or who doesn’t routinely deal with franchise issues. You need lawyers like Gray Plant Mooty who will alert you to regulatory issues before you get fined, and who can crack down on franchisees that step out of line.
- The author has been in business with franchisors for decades and he says that a bulk of their work has to do with experience, expertise, and results.
- Franchisors are advised to look for lawyers who have a good reputation in the industry while new brands are advised to look for lawyers dealing with emerging brands.
- Franchisors need lawyers who need to translate their position into the Franchise Disclosure Document like how they stand out in a congested marketplace and how to price opportunities.
“A good law firm anticipates changes in the law and shares that information with clients.”
Read more: https://www.entrepreneur.com/article/328088