Have you recently found a franchise opportunity that you are interested in pursuing? If so, congratulations! There is nothing more rewarding than starting, and growing, your own franchise.
However, before you take that leap, you need to make sure you do everything you can to protect yourself legally. How do you do that you ask?
By working with a franchising attorney in Chicago. And while there are many reasons you should work with a franchising attorney in Chicago, the number one reason is because they know what matters.
Before you can buy a franchise, the law requires that you receive a Franchise Disclosure Document, also known as FDD. This document, which is usually around 200 pages, discloses everything the FTC believes you need to know about the franchisor.
It is very important you understand everything in this document. As a franchisee there are certain restrictions and obligations you must abide by. If you break your contract, your franchise agreement can be terminated.
That’s why it’s very important you have an experienced franchising attorney on your side. They know exactly what to look for in the franchise contract.
If they see something that isn’t in your best interest, they can advise you on what steps you should take. A franchise attorney will also keep you up to date on the franchise laws should they change.
If you are looking to open a new franchise, or you’re interested in purchasing an existing one, you need an experienced franchise attorney to help you navigate the process.
Contact Liss & Lamar PC to schedule a consultation with an experienced attorney.