Whether you’re buying or selling a retail or industrial franchise, there are many legal issues that need to be considered. The cover much more than just franchise law, and can include intellectual and real property law, industrial and commercial law.
If you’re purchasing a business, the franchisor is often a large corporation that has done this many times before and may have a standard franchise agreement, but if it’s your first time there are many things that you may not be aware of. Franchise agreements and franchise operations manuals are often long, complicated and not always easy to understand. That’s why it’s important to make sure you have someone on your side who understands the process and can give you advice on what to look out for before you sign on the dotted line.