At Talbots Law, we understand the law relating to franchises inside out. Whether you are selling an existing franchise or buying into one, let our expert commercial solicitors advise you on the legal aspects of the transaction.
We go further than just advising clients at the beginning and end of their franchising venture. We partner with them throughout the journey, assisting them with growing their business, employing staff and being on their side if a dispute with the franchisor or any other party arises. Entering into a franchise negates many of the risks associated with going into business for yourself. The product is proven, a marketing strategy is in place, and the groundwork of building up a brand has already been done. We will partner with you on your journey, helping you realise your commercial ambitions.
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. We understand that being in business is a journey, not a transaction, and will become a partner in your venture, working with you to help it grow, looking after you in challenging times and celebrating your success.
Not only do we understand franchising law, our 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 employment disputes and tax planning. Our full service offer means you can be confident that all your legal matters will be taken care of by the same friendly team.
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 the 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 schedule 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 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.
- Muneeb Dean
- Director and Head of Company Commercial Services
- 07791 241544
- Nicola Reeve
- Director and Head of Commercial Property
- 07932 679673
For more information please contact us