Why You Should Hire a Franchise Attorney Before Signing a Contract
You’ve made the final decision to become a franchisee. Congratulations! You’ve researched a cheap franchise for sale in Grand Rapids and finally found something that suits your needs. What’s next? Are you ready to sign on the dotted line? What do you need to know before you jump in?
If it happens to be a Delights franchise, we recommend, as do many other franchises, that it’s always in your best interest to hire an attorney to ensure the process goes smoothly and that your legal rights are protected.
According to Entrepreneur Magazine, “Whether you understand contracts or not, once you sign, you’re legally obligated to uphold all the document's provisions. Now is when you need to consult a lawyer. ‘Too often they aren't called in until there's trouble,’ cautions Nancy Lanard, a franchise attorney.”
Don’t just go to any expert. Entrepreneur Magazine recommends “going to a specialist! Anyone looking to open a franchise should get professional advice either from an attorney or from a franchise firm that has some experience in the field.” If something doesn’t feel right between you and the franchise, you should take the necessary steps to get it cleared up before you’re in business together. If you have questions about information in the contract that may seem misleading, clear them up in the beginning.
A franchise attorney can be invaluable if you want help with the following:
- Set up the business entity
- Alert you to unusual demands or missing critical items
- Look for negotiable items
- Set boundaries
- Back up support services
- Disputes about performance
- Renewal and termination
- Dotting the I’s and crossing the T’s
- Help negotiate with other third parties
- Manage conflict disputes and resolutions
Cheap Franchise for Sale in Grand Rapids: Get Started Today!
It can be frustrating to start a business. We understand the challenges you may face as you build your customer base. However, we’ll be there to guide you along the way. If you have any questions or concerns about starting a cheap franchise in Grand Rapids, give us a call (734) 417-2212.