Do I need a franchise lawyer?
Absolutely. A Franchise lawyer will have the experience to provide you with the assistance you need in a timely and cost effective fashion. They will be familiar with franchise agreements so you will not be paying to "up skill" a lawyer who is not experienced in franchising. They will help you understand your legal obligations and the powers of the franchisor so you know exactly what you are in for. Not all franchise agreements are made equal and a franchise lawyer will be able to tell you whether or not what is in the franchise agreement is normal and reasonable. They will also have connections in the franchise industry and will be able to point you in the direction of other franchise professionals who can assist you. Your franchise lawyer may already have experience with the franchise system you are looking at. The purchase of a franchise can be a significant investment with long term liability and in some cases can be a bigger or at least similar financial investment as your family home. Getting the right advice can make the difference between you making a good decision or a bad one.
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