It is great that you have found a franchise that you feel will bring you success now, and in the future. You have probably spent quite a bit of time and money doing the necessary research and talking to a number of different franchisees to find out all of the information that you need to make the proper financial decision. You already have your business plan and you’ve already visited the franchise head office and so you’re almost there when it comes to signing on the dotted line. However, franchises can be a little bit of a nightmare legally and so you need to do anything that you can to protect yourself and your money. For these reasons you probably need to engage with a franchise lawyer.
You’re probably thinking to yourself, where can I find a franchise lawyer in Parramatta and the answer would be that there are a number of them currently available to you and they are more than happy to provide you with the legal advice that you need. Here are some of the reasons why you should always hire a franchise lawyer before you commit yourself to any contract.
– They have your back – In order to sign up to any franchise agreement, you must first be furnished by law with some kind of franchise disclosure document. You need to go through this document before you commit to anything financially and it is incredibly long and detailed. There is a lot of industry jargon included and if you’re a little bit in the dark about what any of it means, it’s probably best to get yourself a franchise lawyer to look at over before you sign on the dotted line.
– They have the experience – Franchise lawyers deal in many such business contracts on a very regular basis and so they can also help you to set up your new franchise business so that hopefully becomes a big success. It is important that you choose wisely when you pick the kind of franchise that you want to get involved in and your franchise lawyer will make sure that you are aware of all of your legal rights and liabilities as well, as a new business owner. They will also be able to tell you how your business will be taxed and what you will be expected to pay every year.
If you want to have the peace of mind that is needed before you sign up to any franchise agreement, then you really do need to engage the services of a franchise lawyer. The franchisee will tell you that you don’t need one because the contract is not negotiable, but ignore that and make sure that you get the proper legal representation. They may also be able to negotiate on your behalf as well.