We revisit a topic in today’s post that we initially mentioned in an entry from last month, namely, business franchises and the opportunities and challenges posed for Ohio entrepreneurs who are thinking long and hard about this business realm.
We touched upon some basics in our November 22 entry, noting that it is certainly a good idea for any prospective franchisee to secure the timely and studied assistance of a proven legal team to review a franchise agreement and “help with any other legal issues that may arise.”
In fact, those issues are typically many and complex, and challenging to even the most seasoned business principal.
Attorneys from a proven business law firm often provide broad-based and critically important assistance to business clients well before the times comes to professionally evaluate and offer guidance concerning foundational franchise agreements.
To wit: Is a franchise idea even viable? Seasoned attorneys commanding a deep well of experience representing diverse business clients can provide professional input on the likelihood of success, and help clients navigate financial data and explore funding opportunities. They can comprehensively identify and communicate all regulatory hoops and hurdles that must be dealt with. They can play a vital role when it comes to a client’s purchase or lease of business property.
One informative online overview of business franchising notes that franchisors “almost always tell prospective buyers that their contracts are non-negotiable.”
In fact, that is often not the case at all, and buyers’ attorneys with a demonstrated record of strong client advocacy in franchising matters can frequently play a material role in achieving contractual and related outcomes that truly enhance the bottom line for their business clients.