North Carolina Business Law Firm Concentrates on Franchise Issues

Goldsboro, Elizabeth City, and Fayetteville Business Attorneys Experienced in Legal Issues Regarding Franchises

A good relationship between a franchisor and a franchisee is essential for success, but the legal language of franchising can be daunting. Prospective franchisees should always seek out the advice of an experienced franchise attorney to help them understand the legal issues surrounding this type of business organization, and to help them from making critical and costly mistakes.

The Franchisor-Franchisee Relationship

Franchising is governed by federal and state laws that require franchisors to provide prospective franchisees with certain information that describes their future relationship, including:

• The disclosure document, also know as the FDD. The purpose of the disclosure document is to provide prospective franchisees with information about the franchisor, the franchise system, and the responsibilities of the parties to the agreement. Receipt of a FDD is governed by the 14-day rule, which is a cooling-off period in which franchisors must give prospective franchisees 14 days to think about their decision before they are allowed to sign the agreement.
• The franchise agreement, a legal document that governs the relationship and specifies the terms of the franchise purchase. The franchise agreement gives information about the use of trademarks and products, territory, the rights and obligations of the parties, including standards and procedures, the terms of the franchise, payments made by the franchisee to the franchisor, termination and/or the right to transfer the franchise, and training, assistance, and advertising.

Every prospective franchisee should closely review the franchise agreement and consult with an experienced franchise attorney before making a final decision.

Contact Our North Carolina Franchise Law Firm Today

Do you have questions or concerns surrounding a franchise, and need legal guidance? The experienced business law attorneys at Law Offices of Robert Crawford are dedicated to representing business professionals throughout Goldsboro, Elizabeth City, and Fayetteville with a variety of business issues, including franchising. Contact us online or call 919-296-8508 to schedule your initial consultation today.