Have you reached the finish line in your franchise business exploration? Are you on the verge where your yes or no decision on a particular franchise opportunity is imminent? If so, you must read this ….
It’s often times postulated by Franchise representatives that the contents of an agreement are non-negotiable. Many people will buckle under the pressure and uncertainty and sign with disregard to the gravity of the document execution.
While that may be be stated clearly, there are varying degrees of truth behind the claim.The legal jargon interlaced in a Franchise Disclosure Document (FDD) as well as the actual franchise agreement iteself may be 200 – 300 pages long. The information contained in these documents necessitate scrutiny and a keen eye for detail. Doing so, without proper representation, could be a costly oversite. Utilizing the skill set of an experienced franchise attorney can often be the discerning factor between a successful agreement, and a pending legal dispute.
A qualified franchise Lawyer NYC will know which part of the FDD contract to focus on, while taking into account the agreement in its entirety. Over site of the execution or preliminary drafting should be included in a schedule of services in order to minimize conflict and ensure success. Proper drafting and compilation should protect the interest of the respective parties, and clearly define the obligations as a franchise owner to your franchiser. Franchise lawyers in NYC can also help businessmen negotiate with the franchiser.
Once you have completed all the research and are ready to move ahead with your chosen franchise opportunity, hire a franchise lawyer NYC you can offer reassurance that nothing was overlooked.
If you are buying a franchise in New York City than hiring the services of a qualified franchise lawyer in NYC should be the only thing that should be non-negotiable in your eyes.