Things to consider before taking American Franchise Attorney
There
are some entrepreneurs who have a wish to start their business with
the help of American Franchise Attorney as it’s considered
one of the popular and best options. But before buying this franchise
there are certain factors that one must consider to be a part of it
in a peaceful and trustworthy manner. Certain issues if not solved
can land you in a huge problem and you may lose the American
Franchise Attorney from your hands. Since, it’s a legal matter
so your duty is to ask certain types of questions so that you get
saved from being cheated.
Things
you should check before signing the contract
There
are certain measures that one must consider before signing the
American Franchise Attorney contract.
- Review the franchiser’s litigation record with the help of FDD (Franchise Disclosure Document).
- Scrutinize the promotional materials provided by franchisor and compare it with respective to FDD.
- Contact the current existing franchises of the list present in FDD and inquire as much as possible.
- Independently have a deep research about the franchisor and study the concept of the strength in their trademark, financial status of their own company stores and always ensure that it’s a verified expert.
- You can even call the FTC (Federal Trade Commission) to know the current position of the market before getting the American Franchise Attorney.
- Research about the problems that people faced while buying the same and you can easily crosscheck those factors.
Areas which you need to consider before choosing the attorney
- Franchisor and the Franchisee Experience- Your franchise lawyer need to be experienced so that the procedure can go in a smoother direction. Just do a deep research so that you don’t feel cheated as there are people who do the work on behalf of franchisee side and don’t even draft the FDD.
- Flat fee or Hourly- Since FDD are predictable, many franchise attorneys would work on the transactional side or on a flat-fee basis, as they are experienced to know the time that the average startup program will take. In case of a flat free franchise lawyer we can easily predict their fees and it can be financed over few months.
- Accessible- All the attorneys have different level of accessibilities some prefer over mail and some have phone contact. Always ask about this before you are choosing the attorney.
- Personality- You will be working with the franchise attorney for long time. So, don’t hire such people with whom you have trouble.
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