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If you are thinking about expanding your existing business or starting a new venture, Saracens can advise you on a franchising model. As a franchisee, you will be able to use and operate the business name and reputation of an established brand.
Our experienced team of solicitors will guide you on all aspects of the franchise agreement. We can prepare a written report of our advice which will detail which aspects / clauses of the agreement (if any) are unusual or drafted unfairly. Our advice will allow you to make an informed decision as to whether to proceed or to step away from the transaction.
By reviewing the franchise agreement we are able to ascertain the exact cost of the business venture including any monthly or regular commissions payable to the franchisor. It is also important for you to be aware of the obligations the franchisor owes to you in terms of training, providing marketing material and other ongoing business support.
Saracens can also advise on any related issues including the acquisition of a leasehold / freehold interest over a property from which to operate the franchise. This is of paramount importance as you may not be permitted to enter into a franchise agreement to operate the business without premises. Our franchise team will work closely alongside our commercial property solicitors to ensure that the transaction is carried out as seamlessly as possible.
Call us now to discuss your proposals.