10 reasons you may need a franchise attorney
There are many reasons a franchisor needs a franchise...
There are many reasons a franchisor needs a franchise attorney, and it is always useful to understand their offering before you need them. Familiarizing yourself with what a franchise attorney can do for you will help you to perform a risk assessment of your business, identify any shortcomings, and remedy them before they pose a problem.
Franchise attorneys do far more than simply draft Franchise Agreements and Franchise Disclosure Documents. They can also provide advice in many other areas, including:
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1. Trademark and Intellectual Property protection
Franchise attorneys can ensure that their client's trademark is available and register it in all areas in which they wish to operate, protecting them from spurious copyright claims.
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2. Support expansion plans
Franchise attorneys can help franchisors select an appropriate expansion structure, considering factors such as area representation, to minimize risk and costs and to increase the likelihood of a successful outcome.
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3. Assess growth opportunities
Franchise attorneys can help franchisors who are exploring risky growth strategies to understand their liabilities, record their assets and overcome compliance issues.
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4. Dispute resolution
Franchise attorneys will represent their clients in all matters of litigation and dispute resolution.
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5. Taxes
Franchise attorneys provide their clients with support in both corporate and personal tax planning.
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6. Information privacy
Franchise attorneys help their clients comply with internet and data privacy laws in all of the territories that they operate within. They can offer advice on success strategies, inform them of current legislation and regulations, and represent them in the event of litigation or data breaches.
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7. Human resources
Franchise attorneys can help franchisors comply with employment law, support them in establishing payroll and employment contracts, represent them in tribunals or disputes, and arrange franchise agreements for new franchisees.
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8. Bankruptcy and reorganization
In the unfortunate event that a franchise is unsuccessful, franchise attorneys will help their clients navigate the delicate territory of disestablishing their business, paying creditors and dismissing employees.
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9. Advertising and marketing
Franchise attorneys will help their clients comply with advertising and marketing laws, ensuring that the brand's promotion is free from bias and discrimination, representative of the brand's values, and legally compliant with competition law.
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10. Competition issues
Franchise attorneys can help businesses hone their growth strategies, bearing in mind the unique nature of their business and the competitive nature of their particular market sector. They can provide legal advice to help shape a business's strategy and improve its likelihood of success.
The workload of a franchise attorney is diverse, so if you have any concerns about any aspect of your business, contact your franchise attorney to find out how they can help you overcome them.
