The FTC requires that all franchisors provide franchisees with a document known as the Franchise Disclosure Document (FTD). The Law Offices of Alex R. Hernandez Jr. help franchisees assess a given franchising opportunity. We have the experience with FTDs and know what to look for. We know the potential bottlenecks and can help prospects ask the right questions to achieve greater clarity about what they are getting into.
The contract between the franchisor and franchisee is sealed via the contract agreement. Such documents, drafted by the franchisor’s lawyers, are partial to the franchisor. Franchisees need to be alert in protecting their interests and not taking on undue liabilities. It is our job to protect the interests of franchisees who are our clients. We help with negotiating better terms, alert them to red flags, and give them a much clearer picture of what to expect.
Franchise agreements are filled with legal jargon, and you must have a firm grasp of terms such as Insurance, Guarantees, Rights and Remedies in case of Default, Audit Rights and Expenses, etc. We have the knowledge to guide you so that you know things before you ink your signature on the agreement.
Our experience in guiding franchisees across different industries has given us perspective that we willingly share with clients. We compare different agreements, give them examples to illustrate a point, and educate them so that they are armed with the knowledge to make an informed decision.
Our lawyers know not just the laws but also how franchisors think. This is tremendously useful when it comes to negotiations. Franchisors may be loath to alter the initial fees or lower the percentage of royalties but will listen to you on other matters, particularly if your concern is genuine, reasonable, and if the alternative that you are suggesting appeals to them. Our lawyers can help with this.
The value of a good franchise lawyer becomes apparent when negotiating terms of territorial protection, renewal, audit expenses, non-competition, and transfer of ownership.
Call today if you need help in a franchise law issue our lawyers are ready to help 361-792-3811