If you are looking to purchase a franchise, our team at Manning, Fulton & Skinner can guide you through the process. With a flat fee structure, you will know exactly how much it will cost for a franchise disclosure document and franchise agreement legal review. Additionally, if there are any modifications that you would like made, we can provide guidance and draft any addenda that you would like incorporated.
Purchasing a franchise is a significant investment and a potentially exciting venture into the realm of entrepreneurship. However, it also comes with a myriad of legal complexities and documents that need to be thoroughly understood before committing to a long-term relationship with a franchisor. To help ensure your interests are safeguarded and to understand your rights and obligations, we offer legal guidance on the essential aspects of the franchising process, specifically, franchise disclosure document (FDD) and franchise agreement legal review and the drafting of any required addendum to address any necessary changes to the franchise agreement.
Flat Fee Franchise Disclosure Document & Franchise Agreement Legal Review
Every potential franchisee is entitled to the disclosure of an FDD. An FDD is a legal document that franchisors must provide to potential franchisees at least 14 days before any agreement is signed or any money is exchanged. It is packed with crucial information about the franchise, its executives, any litigation history, fees, initial and ongoing costs, restrictions, and obligations of the franchisee, among other items.
While the FDD provides valuable information, it can be overwhelming due to its comprehensive and often complex nature. Our team of franchise law specialists is here to guide you through this essential document to ensure that you fully understand each element of the FDD and are equipped to make a knowledgeable decision all for a flat fee so you have no surprises.
Once you have reviewed the FDD, the next critical document is the franchise agreement. This contract outlines the legal obligations between you and the franchisor. It details your rights and duties as a franchisee, the terms and conditions of operating the franchise, and the franchisor’s commitments to you. Because this agreement is legally binding, it’s crucial that you understand every clause and stipulation.
Our legal team will conduct an in-depth review of the Franchise Agreement by examining the details and explaining it in plain, understandable language. This will help ensure you are fully aware of what you are signing, which significantly reduces potential misunderstandings and conflicts down the line.
Drafting an Addendum
After reviewing the franchise agreement, you may find certain clauses unfavorable or unsuitable for your unique circumstances. An addendum modifies, clarifies, or nullifies part of the original agreement, providing a way to make changes without rewriting the entire contract. This tailored approach will help ensure that your franchise agreement aligns with your business needs and protects your interests.
If this situation arises, our legal team is ready to help guide you through changes to the franchise agreement that may be available for negotiation and change. An experienced franchise attorney will know what provisions are negotiable and which are not.
Flat Fee Legal Services
We understand that entering a franchise agreement is already a significant financial commitment, which is why we operate on a flat fee basis for our FDD and franchise agreement legal review. This approach gives you clarity and peace of mind over the legal costs involved. No hidden charges, no surprises – you’ll know upfront what the fee will be, allowing you to budget accurately and focus on your franchise journey.
At the end of the day, our goal is to ensure that you fully understand and feel confident in the legal aspects of purchasing your franchise. We are committed to offering you thorough, accessible, and cost-effective legal guidance every step of the way. For more information or to schedule a consultation, please contact us at (919) 510-9279.