Why Do I Need a Business Attorney When Purchasing a Franchise?
Buying a franchise in Florida can be confusing. It’s crucial to have legal counsel from the first steps of your journey of purchasing a franchise. An attorney will guide you through every step and ensure that your needs and goals are adequately protected and represented.
Using an attorney during the franchise purchasing process will allow you to:
1. Form a business entity and draft the proper documents among owners.
2. Review your agreements with the franchisor. It is essential that your attorney reviews all agreements and contracts PRIOR to you signing. These documents contain a lot of dense “legalese” language that an attorney knows how to interpret.
3. Review and negotiate your commercial lease. It is helpful for you to review your documents on your own so you can note any questions or concerns that you’d like your attorney to specifically focus on.
4. Have peace of mind. You have someone in your corner that knows how to navigate this journey!
This process is so exciting, but it can be easy to get tripped up and bogged down in the details. With such a big step with a big price tag attached to it, it is wise to hire an attorney from the start. While this can seem like an added expense, it’s a wise investment that can ensure the process is done properly and efficiently.
This is just a brief overview of how an attorney can facilitate the franchise purchasing process. It is important to contact a licensed attorney if you’d like to discuss the process of purchasing or selling a franchise. You can contact Wheeler Legal PLLC by calling (321) 209-5995 to schedule a consultation and find out how this firm can help you.
Disclaimer: The information contained above is provided for general informational purposes only, and does not constitute legal advice, nor is it intended to create an attorney-client relationship. This firm aims to provide quality information, but we make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked to this post. Nothing provided herein should be used as a substitute for the advice of competent counsel.