subject: Your New Franchise How A Franchising Solicitor Can Help [print this page] Many people wrongly assume that any business has the ability to become a franchise opportunity, this is not correct as it would be completely unsuitable for some businesses to go down this route.
The difficulty is in knowing which side of the fence your own business falls on if you are thinking of going down this route.
This is why it pays dividends to consult a specialist franchising solicitor to get the information and advice you need. You may already have a plan of some kind that you can show them, but you may not have all the details Helpin place that will help you decide whether you have a strong enough proposal to go with.
It is important to ensure you kick your franchise opportunity off in as strong a fashion as possible. For instance you would want to consult your franchising solicitor about how to create a contract for your franchisees to sign. If you were to create an unsuitable contract it could lay you open for legal action at a later date. In addition to this it could also trigger a franchising dispute of some kind. This can all be avoided if you use a solicitor who specializes in franchising law to help you get everything right in the first place.
In a sense your franchising solicitor will steer you in the right direction and point out any areas that you may have neglected to think about. Franchising is a big opportunity, and when you are acting in the role of the franchisor you have to be sure you have covered all the bases. You want your franchise to be fully fledged and attractive to potential investors, and you also want to ensure there is no reason to have a franchising dispute at any point. The more information you can glean from your franchising solicitor, the more chance you have of setting up a successful and long running franchise opportunity.
There is no doubt that a franchise can be a big money spinner for you if you get it right. But therein lie the magic words. You have to get it right from the beginning if you are going to enjoy big success. Look after your franchisees, learn from your solicitor and take all the advice you can. This will stand you in good stead for the future. It will also ensure you run a business that is more likely to catch the headlines for all the right reasons.
