subject: Franchise Lawyers Help For Business Firms [print this page] Many business organisations which need to expand their business opt for franchising, where in, the business model of the firm is used by some other party. With the help of the franchise, the franchisor builds chain stores while franchise enjoys stake on the business. But franchising is not an easy task as it involves a lot of legal work and approval from the Federal Trade Commission or FTC. Complex legal matters like drafting franchise agreements, disclosure documents and franchise registrations need professional help.
There are many law firms which have qualified franchise lawyers who provide legal assistance to the business firms. The lawyers, apart from U.S franchisors, assist international franchisors, franchisees and area developers as well. They guide the franchisor and counsel them about the scope of their business in other areas. The lawyers tell the franchisors about the different laws associated with franchising in different countries. They draft appropriate legal contracts for the franchisors and the franchises and negotiate on behalf of them. In addition to this, they also provide all the necessary information about commercial leases, intellectual property and license agreements. As the franchise laws are strictly regulated at both state level and federal level, the lawyers guide the franchisors in taking good decisions.
The businessmen, who wish to franchise their business, must take a look at the following points. Whether the business one wishes to franchise stands out of competition and does the business needs well aware business managers at different locations? In addition to this, one also needs to check if other qualified professionals can be trained to run the business successfully at different locations and what are the ways following which, both franchise and the franchisor earn profit? Franchising is not an easy task and therefore it is suggested that the businessmen seek a professional lawyers aid.
Federal trademark registration is another strong point one should consider while planning to for franchising. It is of utmost importance that the company has a well-defined brand identity. The trademark registration helps the company establish its own identity and on the other hand it also protects the trademark users. Franchise lawyer New York assists the businessmen in getting all these things done on priority.
Another option for the franchisors is to setup a separate body, a limited company, which may be governed by the original business owner or can have a different ownership. In this case, the original company owns the trademark while the operating company owns the license. The finance related things of original business firm are thus kept confidential. After settling all the issues, the companies must prepare the franchise disclosure agreement, which has all the clauses related to contractual business between the franchisor and the franchise.
