What Does a Franchise Lawyer Do?
A franchise lawyer a type of business lawyer that specializes in the legal issues surrounding franchises.If you're planning to franchise your business or are buying a franchise store, a franchise lawyer can help you through the process. Your lawyer can draw up and revise any of the paperwork you need, as well as represent you in negotiations or court if any issues arise regarding payments or procedures.
How Do I Know If I Need a Franchise Lawyer?
Your lawyer knows all the laws and regulations that are specific to opening or running a franchise, so if you have any questions or concerns about franchise management, a lawyer is a good place to turn. Franchise lawyers may specialize in either transactional procedures, meaning they will handle the opening and managing of the store, as well as any paperwork or tax questions you may have. They may also specialize in litigation, meaning they are better equipped to help with disputes, negotiations, and lawsuits. A franchise lawyer may be able to handle both transactional and litigation procedures, but just be sure to check that your lawyer has experience in the area you need help with.How Much Does a Franchise Lawyer Cost?
Many franchise lawyers charge an hourly fee with a retainer. A retainer is lump sum you will pay up front from which the lawyer will deduct hourly expenses. This is based off an estimate of how long your case will take, but if you go over the estimated hours, you will continue to be charged an hourly fee. Make sure to negotiate a rate with your lawyer up front, so that you know what to expect when the bill arrives.What Should I Expect When Working with a Franchise Lawyer?
You can expect that after working with your franchise lawyer, you have an airtight agreement put in place with your franchise, so that you both know the service expectations provided and the benefits received in the partnership. Any dispute should be settled, either by a renegotiation of terms or a lawsuit asking for compensation as a result of a breach of contract. A franchise lawyer will know the best course of action for any issue you may have with your franchise.This article contains general legal information and does not contain legal advice. Rocket Lawyer is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.
