Franchise Law Attorney Information:
Ronald N. Serota, Attorney At Law offers legal services to assist both in the Purchase of a Franchise and Franchising your existing business.
Our mission is to make the transaction of buying or selling a franchise as easy and painless as possible.
The hardest part of being a franchisee or a potential franchisee is the headache of reviewing the contracts, including the finance agreements. These contracts and negotiations can take hours upon hours of time and resources. Franchisers use Attorneys to draw up their contracts. Shouldn't you have the assistance of an Attorney as well?
What are my contractual responsibilities? What about my financial responsibilities? Do I need to form a company to do the franchise?
These are just some of the issues that an entrepreneur seeking to buy a franchise needs to consider. Ronald N. Serota, Attorney at Law can assist you in advance protecting yourself from the pitfalls of incomplete contracts and financing agreements.
You have decided to franchise your business. Congratulations!!! After years of fighting local and state authorities on zoning issues, code issues, tax issues you have finally made it. Now, how do you franchise your business? What are the contracts you need? What kind of financing agreements do you need in place to assist you? What about contribution and indemnity clauses?
If you are looking to franchise your business there are a many different laws that you need to take into consideration. The Federal Trade Commission has extensive regulations including disclosure requirements that must be satisfied when you are selling a franchise. Each state may have laws governing the way franchise contracts and disclosures are prepared. There may be limitations on the advertising you can do or the way you market your franchise.
Violating these laws can be very expensive. Fines, legal fees, court costs, lost time doing business development will hurt your business substantially.