Going into the franchising business can be very exciting for the first-time franchisor. On the other hand, thinking about all the legal matters that need to be considered and the required documentation to be submitted, may seem intimidating and can be overwhelming. Franchise attorneys are specialists who can assist you every step of the way, on your way to your dream of owning your first franchise.
A Franchise Attorney can help you in many ways, starting from the very first step of the franchising process. Your attorney can help you create a franchise program and draft the necessary legal documents. He or she can also give you advice on day-to-day business matters and regulatory compliance, and help enforce the franchise agreement terms in the event of a dispute. Franchising lawyers are also knowledgeable on legal matters related to franchising and distribution, and can provide you advice on matters such as intellectual property, bankruptcy, secured transaction, employment law, and vicarious liability.
Not only can franchise lawyers help review and negotiate franchise and master licensing agreements, they can also help draw up and review contracts associated with strategic alliances, branding programs, and international franchising. Your attorney can also counsel you on contract issues and application of franchise statutes if you want to put up a franchising company that distributes products through networks of wholesalers or dealers.
Some other situations may arise during the course of running a franchise business that may warrant the services of a franchise attorney. Such cases include: terminating the franchise relationship, vicarious liability cases, and statutory compliance. In the case of termination of the franchise relationship, your lawyer will ensure that the terms of the franchise agreement are upheld. For vicarious liability cases, your attorney can have the case against you dismissed, or negotiate a nominal settlement. And for statutory compliance, your lawyer will act as a liaison between you and the federal and provincial regulatory agencies to resolve andy issues or concerns related to allegations made by the franchisee. Your attorney will also represent and defend you during legal proceedings.