Miami Franchise Attorney
The agreement between the franchisor and franchisee is a binding document that gives each party legal rights and obligations to the other. Before it is signed, you must understand what is in the document and negotiate an agreement that works for you. One should never sign a franchise agreement without the help of an experienced lawyer because it could come back to hurt them in the future if there is litigation.
As a potential franchisee, you need assistance understanding your obligations. You are making a large financial commitment, and you want to ensure that your money is going to the right business without any surprises. Franchisors want to know that they are dealing with the right people who will protect their brand while following the rules of the business. Every franchisee is a representative of a brand, and the franchise agreement will reflect that.
There are a number of key issues in a franchise agreement that can make or break a business relationship, including:
- Rights of first refusal
- Exclusivity in territory
- Non-competes
- Royalty payment structure
This is just a small list of issues that the parties need to consider at the outset of the agreement. In addition to the terms of the agreement, the parties may have ongoing issues during the performance of the agreement that could include expansion or disputes between the parties. You should always have an attorney ready to resolve disagreements in the hopes that you can avoid litigation. A franchise attorney could work for the best possible legal outcome on your behalf.
Contact a Miami Franchise Attorney Today
Attorney Daniel D. Diaz PA, works with franchisors and franchisees to protect their business interests while helping move deals forward. To learn more about what we offer, contact a Miami franchise attorney online or call us today at 786.256.3299.
