Franchise Law Key Observations of Entering Into a Franchised Business

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Franchising is a potentially exciting and rewarding business opportunity. This article considers some key observations on franchise law in this regard. It will consider what to look out for and where to go when advice is needed on franchise law. The current economic climate world-wide, has seen an increase in franchising activities, with more and more people being made redundant they have decided to set up shop and run their own business. Some by starting a business from scratch others from taking on a franchised business. The key players in such a relationship are the franchisor and franchisee, the law that governs the relationship will be determined by the jurisdiction and or a jurisdiction clause within the relevant franchise agreement.

When entering into franchising chief among many considerations should also be franchise law as mentioned earlier this may vary according to jurisdiction and the relevant agreement in place. It is therefore important when embarking on such a venture to take professional legal advice so that you are in the know when it comes to rights and obligations. Different parties to the agreement will have different requirements. For example the franchisor who is offering the franchised business, will want to make sure the franchisee who is the person taking the franchised business, maintains the business credibility and service level etc. Conversely the franchisee will want to make sure that they have sufficient autonomy the run their business and that the deal is fair for them.

Franchise law can sometimes represent a myriad of complexities for example what to do in the event of a dispute? And or cross boarder issues. Both parties will have to carefully consider the relevant franchise agreement so that they can move forward with the business relationship. In order to do this both sides should take legal advice as to the nature of the agreement and so as to understand all the relevant clauses therein. If there are issues in this regards suggested amendments can be made and incorporated in to the agreement. For example if there is a jurisdiction clause the franchisee should be aware of this and as to its implications as to which law will govern the arrangement.

When looking for advice and assistance on the particular jurisdiction then a franchise lawyer will be able to provide the relevant assistance as the law in this regard. They will also have the relevant advice and experience to help navigate the franchising relationship and if something should go wrong they can assist in the dispute resolution as it is in the interests of both parties to make sure the relationship works and is on track in order to make money.

If you need assistance on a franchise law matter you can look online for a franchise lawyer that can help you with the relevant legal issues involved in the process of franchising and irrespective of whether you are the franchisor or franchisee you will benefit from taking the appropriate legal advice going forward with your franchising business.

The article is contributed by Sylvia Taylor. I am currently associated with Cubism Law based in Chancery Lane,in the heart of London's legal district. Cubism Law is a full service city law firm comprising over 30 lawyers specialising in corporate and commercial legal services. For further information and legal queries or franchise law Rate this Article

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Sylvia T Taylor has published 3 articles. Article submitted on September 24, 2013. Word count: 498

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