As a franchisor, one of the most critical decisions you will make is choosing the right franchise attorney. Franchise lawyers are essential for any franchise owner: documents crafted by your attorney, advice and legal guidelines provided, all having a huge impact on your business. They can determine the most effective ways to run your business while ensuring that your operation isn’t violating any laws. How can you ensure you’ve found the right franchise lawyer?
A critical factor is to receive multiple referrals from franchise professionals. If you choose to search for the perfect franchise lawyer yourself, a crucial determining factor is the amount of experience the attorney has. You want them to have franchise law as their area of practice and many years of it.
Once you have selected the attorneys for consideration, it is important to ask questions that are essential to you as someone who will be franchising a business:
Transactional vs. Litigation Focus
You need a lawyer who is focused on the transactional side, to focus their practice on the preparation of your legal documents. However, a benefit with a lawyer having a litigation practice is them being able to represent you if needed.
Flat Fee vs. Hourly
The benefits of working with a flat fee franchise lawyer are that their fees are predictable and often maybe financed over a few months, also if the case takes more time you benefit, however, this can also be negative in the reversed scenario.
You need someone who is knowledgeable specifically in your industry and who knows additional regulations that impact a business.
A larger firm might be able to do more for you and bring in resources, such as a specialist to help with other transactions or work. They also could have more connections however, a smaller firm will provide you with more access to a partner level attorney and may be cheaper.
If you’re interested in purchasing a franchise, get the help you deserve. Contact Law Works in Waterloo, they can help you solve disputes easily with a team of professional franchise lawyers.