Whether you are selling an existing franchise or buying into one, let our expert Corporate & Commercial solicitors advise you on the legal aspects of the transaction.
We can assist with reviewing your franchise agreement before you enter into it and, where appropriate, help negotiate its terms. We partner with our clients throughout the journey, assisting them with the growth of their business, employing staff, and being on their side if a dispute with the franchisor or any other party arises. In many ways, entering into a franchise negates many of the risks associated with starting your own business. The product is generally proven, a marketing strategy is usually in place, and often the groundwork of building up a brand has already been done. It is, however, important that you understand the terms, and the commitments you are making, when entering into a franchise agreement.
Why choose Talbots Law for your franchise law matters?
At Talbots Law we make ourselves available to our clients. We are there when you need us, no matter how big or small the legal issue.
Not only do we understand franchising law, our Corporate & Commercial Team collaborates with other departments in our organisation to assist our franchise clients with all aspects of their business, from the leasing of premises through to managing disputes and the structure of their businesses. Our full service offer means you can be confident that all your legal matters will be taken care of by our specialist teams.
Do I need relevant experience in the sector to run a successful franchise?
No. This is one of the many advantages of buying a franchise; full training will usually be provided, not only to you, but any staff you recruit.
What does a franchise agreement cover?
The principal issues covered by a franchise agreement are:
- What rights are granted?
- Is the franchise to be exclusive or not?
- The territory. Additional considerations (relating mainly to business practice and dispute resolution) apply where the franchise is in a different country to the franchisor.
- The term. Five to ten years is typical, often longer in overseas arrangements.
- What sales targets and franchise development schedules are appropriate.
- What trademarks and other IP rights are to be licensed, and
- The parties' obligations, notably:
- The franchisor—provision of training and other support, regular monitoring and assistance to the franchisee, updating the manual, availability of key supplies, and
- The franchisee—hiring suitable personnel, effort devoted to the franchise, compliance with the manual, keeping records and making payments.
The Corporate & Commercial team at Talbots Law are here to help you with any of your franchise law matters. Please contact us today by phone on 0800 118 1500 to make an appointment.
- Mike Linford
- Director & Solicitor
- Nicola Reeve
- Director and Head of Commercial Property & Corporate Services
- 07932 679673
- Shaun Owen
- Director & Solicitor
- Sophie Evans
- Trainee Solicitor
For more information please contact us