When you franchise your business, you essentially give someone else the right to use your business name and model in exchange for a fee. This can be a great way to expand your business quickly with minimal effort. However, there are some potential risks you should understand.
One of the most common mistakes made by franchisees is not hiring a franchise attorney. A good franchise attorney will have a thorough understanding of the franchise agreement and can help you avoid any potential legal problems.
Without an attorney, you could inadvertently sign away your rights to the franchise or end up in a lengthy and expensive legal battle. So, if you’re considering franchising your business, consult a franchise attorney first.
If you’re considering franchising your business, contact us today to schedule a free, no-obligation consultation with a specialist franchise attorney and learn more about how we can help you franchise your business while preserving your brand identity.