A Colorado Franchise Lawyer Can Help you Franchise
Considering opening a franchise? Our Colorado franchise lawyer has some things to think about before making that decision.
It is important to keep in mind that when owning a franchise it does not mean you work for yourself; you ARE held to set standards by the franchisor.
Listed are a few questions to ask yourself when thinking of entering the world of franchises.
- What is the cost of the franchise? Starting any business, whether it be a franchise or not typically requires capital.
- What does the particular franchise require? What are the appearance standards? Is ongoing training provided?
- Does the franchise fit with your previous career experiences and skills?
Once you have decided a particular franchise would be a fitting career path for you, you will find there are several benefits to owning a franchise:
- You are investing in an existing system that has a proven track record.
- There may already be brand recognition for your business.
- The franchisor (and other franchisees) will provide initial and ongoing support.
When looking into starting a franchise there are several provisions to look for in the Franchise Disclosure Document (FDD) and Franchise Agreement:
- The Duration of the Relationship. For example, do you have unlimited renewal agreements that don’t materially differ over time?
- Franchise Termination Rights.
- Franchise “Early Out” Rights.
- Protection from Similar or Same Brand Competition.
- Franchisors Right to Unilaterally Change the Terms of the Franchise Agreement.
Having an experienced and proven Colorado Franchise Lawyer is critical to your business decision. We have over 30 years of experience in the field and can help you in all phases of the decision-making process. Call us at 1-888-780-0910 or email us!