The best of both worlds for franchisors and franchisees
As a franchisee, you can run your own company while benefiting from the tried-and-tested brand and systems of an already successful business model. All this means you should be able to get off to a flying start – but it doesn’t mean you can afford to do without expert legal advice. Scott-Moncrieff’s top-flight commercial contracts team has extensive experience of all types of franchise agreements and will make sure your best commercial interests are at the heart of the legal contract when you come to sign. Our commercial solicitors serve clients throughout England, including London, Bristol, Manchester, Birmingham, Newcastle, Leeds and Liverpool.
Franchising now covers almost every imaginable business sector and there are nearly 1,000 franchise brands operating in the UK alone. Over 90% of franchise businesses are profitable so it’s something that’s well worth exploring.
Why do I need a franchise lawyer?
A franchise agreement differs from many other types of business contract, so it’s vital that you consult a specialist law firm with a good track record. Many of the legal, strategic and financial decisions you make in the future will reflect the very specific provisions of the franchise agreement.
There are various franchise models, so it’s important you understand the exact terms of the contract you’re entering into. A franchise agreement is a legally binding document setting out the obligations and rights of both franchisor and franchisee. It will also specify important details, such as how long the franchise will last and any renewal options.
Examples of franchises include:
- business format franchise
- conversion franchise
- product / trademark franchise
- joint venture.
Whatever type of franchise you’re entering into, you’ll find our lawyers are refreshingly hands-on and no-nonsense. Our specialist franchise solicitors will decode the jargon and look after the legal ins-and-outs so you’re free to focus on planning your new business venture.
Contact our Franchise Solicitors in London