Franchise Agreement

A franchise agreement is generally governed by both contract law and franchise law. Most states do have a body of rules and regulations that specifically pertain to acquiring and operating a franchise business. When negotiating a franchise agreement, a skilled franchise lawyer can help negotiate good terms for the franchisee—the person or business buying the franchise rights. In addition, a franchise lawyer can review the franchise law of the state in which the franchise will be operated to ensure compliance by the franchisor—the person offering the franchise for sale. Finally, a good attorney can assist the franchisee in setting up the business operation itself, hiring employees, gaining any necessary financing and establishing the underlying business entity that will buy the actual franchise.

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