Taking up a franchise is a big step and whether you are acting as a sole trader, a partnership or are part of a limited liability company, you will need to ensure that you have safeguarded your own interests before signing a franchise agreement. Likewise, allowing your ideas, products and services to be used by another trader also requires careful thought so as to protect the brand you have built up.
Here at George Ide LLP we can help a potential trader (the Franchisee) to understand the contract they have been presented with, whilst also being able to assist a franchise owner (the Franchisor) in drawing up an effective and legally binding franchise agreement to protect business interests and create fairness.
We have full understanding of the British Franchise Association Code of Ethics and can help you ensure that, from whichever side you approaching a franchise, your rights are protected and that the agreement is fully suited to your business needs.
For Franchisees, who have received a franchise agreement document from their chosen Franchisor, we will provide a comprehensive report to highlight the rights and required duties. We will also highlight any issues with the contract i.e, items we would expect to see on an ethical agreement, but which have been omitted, or any items which we feel need clarification from the Franchisor.
Franchisees who are concomitantly taking a lease of premises as part of the franchise will need legal advice on this particular part of the contract and George Ide's in-house team of property solicitors will be able to ensure the fairness and legality of this part of the franchise agreement.
With offices in the heart of Chichester, George Ide has specialist local knowledge of the business community in surrounding areas such as Bognor Regis and Littlehampton, but we also work for clients from further afield in West Sussex, Hampshire and across the South of England.
Most work regarding franchise agreements can be done via the telephone and email, but if any further part of the due diligence process requires direct input we will be happy to make the necessary visits and always welcome clients to our offices.
To speak to a commercial lawyer today about any legal aspect of franchising or, commercial agreements in general, please call our Chichester offices today. Alternatively, to find out about the team and to use direct contacts, please click through to the staff profiles as featured on this page.
George Ide – always on your side.