No one expects you to become a franchise expert. When you are considering entering into a franchise agreement, there are so many factors to keep on your radar. Learning all that you can about due diligence, franchise law and contracts is a good idea, but it still may not be enough to properly safeguard your interests. Professionals, like Mario L. Herman, are recognized National Franchise Attorneys who have focused their careers on helping people just like you.
Enlist the Aid of a Franchise Expert
You may view an attorney as just an additional expense that you want to avoid. The truth is that so much is at stake when you are embarking on a new business venture that you cannot be too cautious. The preliminary measures that you take in order to make the entire process flawless will never be a source of regret. No one ever laments being overly fastidious when it comes to their business and financial security, but plenty bemoan acting too quickly without the right advisor.
Franchises are unique opportunities, in that you are buying more than services or products — you are investing in a brand name. Even business format franchises often hinge upon a recognizable name that the public has learned to trust. You are also choosing to rely on that name and the management behind it to support you and provide every promised contractual deliverable. A lawyer can help you verify the terms before the deal and monitor progress after you are already in operation. The relationship between franchisor and franchisee is ongoing and is constantly changing in scope and responsibility.
No matter how forthright a franchisor appears to be, their ultimate interests always rest on the bottom line. Keep in mind that no matter what befalls you after you sign the contract, you are still liable for any moneys owed to the franchisor. This can create a very volatile situation if you discover too late that the franchise you selected is all smoke and mirrors. Keep all of your dealings above reproach with the help of a franchise expert. Attorneys protect you in ways that you cannot manage on your own, and educate you along the way.