Contract and Insurance Law

Franchise Opportunities

It may be helpful to readers who may have been down sized to understand that, while the desire to leave ‘all that’ behind and go into business as a franchisee may well lead to a very satisfying and remunerative new career, our recent practice counseling franchisees who ‘leapt’ with enthusiasm, but without proper up-front business or contractual due diligence, suggests that even a modest ‘stop, look and listen’ with your business and legal advisor can pay great dividends.

The business matters most often overlooked, or given a quick “pass,” are whether there is an adequate market for your product or service; and, in the location which the franchisor heartily ‘suggests’ as golden. These are business issues for your attention. Although when you meet your counsel you may already be convinced that your franchise opportunity is ‘it,’ we suggest that you consider being open to discussion of the relationship between business issues and risks, and the terms of the franchisor’s usually long and detailed contract.