First of all, you should get to know why you
need an attorney. While it is okay to try and go about it on your own, it is
always a wise option to have an expert by your side.
Do your homework first. There are attorneys
for almost every type of industry. Hence, look for an attorney that specializes
in the franchise industry and that is well versed in law related to franchises.
Don’t hire someone who specializes in criminal law or divorce cases just
because you know the person well. The Franchise Foundations online portal is a
great place to start with.
What should you look for in a franchise
attorney?
It is good to find a law firm that has inter-disciplinary services which complement each other. For example, the company has an attorney that specializes in franchise domain and another attorney that is a specialist in corporate law or real estate law. This way, you can make use of the same firm for almost all your legal requirements.
Does hiring a franchise attorney sound
expensive?
Well, while it may sound so, hiring an
attorney will definitely save you time and money in the long run. An attorney that works on your real estate usually knows the attorney that
works on your FDD, hence, there will be strength in this synergy.
And, if you wish to keep the costs down, you can negotiate
for blended rates or a fixed rate, flat hourly fees regardless of the level of
attorney of the firm that is working on your behalf.
The key mistake most people make when hiring
franchise attorney
Whether it is international franchising like McDonald’s
franchise or any other; do not hire someone who doesn’t know to explain things
well to you. When you don’t understand anything they are saying you in the
beginning, you never will understand in future too. Moreover, if they seem
unresponsive & hard to reach, don’t hire them. You will have too much
headache when working with them.
To
start with, visit the website of Franchise Foundations for clear ideas.
