Our milton Keynes franchisees offer a comprehensive legal solution for franchisors and franchisees in the East Midlands and South East of England. This sounds obvious, but we see due diligence on the franchise model overlooked in practice. You need to know exactly what is being proposed. It is worth asking for funds from other franchisees and obtaining references. Understand all and minor details such as investment plans and growth forecasts in your area. Franchising`s legal language can be discouraging – to understand responsibilities and protect yourself from costly mistakes, it`s important to get advice from an experienced franchise lawyer. The franchise agreement is expected to have three critical components. There are many factors that you need to consider when selecting a franchise. These include:- Some of the world`s best-known brands use highly respected franchise structures to drive business growth – by combining well-established business models and entrepreneurs. As a franchisee, you are responsible for the management fees of the business, including: We offer a full franchise service in all aspects of franchising for new and established franchisors and franchisees. It is a path to business growth that has no end – in the UK, there are hundreds of franchise systems operating in a wide range of industries.
However, franchising does not guarantee success; it is a complex model that contains a variation of problems. Before you commit or pay money, it is important that potential franchisees make the right decisions and seek the right advice from lawyers who understand the complex business and legal issues of franchising. At Lanyon Bowdler, our business law team has this experience. For more information on franchising or if you would like us to check a franchise agreement on a fixed basis, please contact us. We have a strong franchise dispute resolution practice and have been involved in many of the most important franchise business over the past 15 years. If you need a franchise agreement, are involved in a franchise business, want to buy or sell an existing franchise, or need assistance with other legal aspects of franchising, please contact our Franchising Solicitors in Milton Keynes. From a franchisor`s perspective, it`s important to make sure your business format is protected and that you have sufficient control over your franchise network.