Our franchise representation begins and ends with the unique goals and franchise expectations of each of our clients. So, our step by step representation process starts off with a conversation between us where we will talk about your goals and your franchise expectations. That is, why are you buying a particular franchise, what are your expectations as a franchisee, what promises have been made to you and what legal steps need to be taken to secure your franchise rights. From there, we engage in a detailed legal review of the FDD and franchise agreement, discussions about the franchise due diligence process, phone conferences with you throughout the process, negotiations with your franchisor and the preparation of proposed franchise agreement amendments.
1. The Initial Call: Understanding Your Expectations
Understanding more about you, how your franchise investment fits in and your franchise expectations and goal. During our initial call, based on your timing and the stage that you are at in the franchise review process, we schedule specific dates for the completion of our FDD review and preparation of our FDD and Franchise Agreement assessment.
2. FDD and Franchise Agreement Legal Review & Assesment
Once we understand your franchise goals and expectations we review the FDD and Franchise Agreement and prepare a detailed written report assessing the FDD, the franchise agreement and key legal and disclosure issues. We also prepare a draft franchise agreement addendum addressing and modifying key franchise agreement provisions. This review stage typically takes 4 business days.
Get The Guide Access Franchisee University
While we are reviewing the FDD and preparing our assessment we will be encouraging you to engage in additional due diligence steps which may involve questions or emails that we may prepare for you to send to the franchisor and for you to contact existing and former franchisees of the system. Also we have great resources for you in our Entrepreneurs Guide to Purchasing a Franchise and our Franchisee University Videos.
3. Preparation of Proposed Addendum to Franchise Agreement
Based on our FDD and franchise agreement assessment we prepare a proposed addendum to the franchise agreement. This addendum is a proposed agreement modifying the terms of the franchise agreement to address critical legal factors and franchise rights.
4. Planning and Strategy Session
After you have has the opportunity to review our detailed FDD and franchise agreement assessment and our proposed franchise agreement addendum, we schedule a planning and strategy call or calls to get your input, answer your questions and to finalize our negotiating strategy and the franchise agreement addendum that we will be presenting to the franchisor.
5. Negotiations with the Franchisor
We negotiate directly with the franchisor and their legal counsel. We also work with you on communications that you may also be having with the franchisor and the franchisor’s sales team.
6. Franchise Closing or Conclusion
Following negotiations we work with you through every stage of the franchise signing process. Also, if you decide to walk away from the transaction, we are also there to give you our candid guidance.
Post Closing Support
If you ever have questions about your franchise transaction, we are there for you.
Even after a franchise transaction closes, our clients frequently stay in touch with us and we are always here to answer questions about their franchise purchase and, in many cases, to assist with new transactions such lease agreements, purchase of additional businesses and business representation. In the end our, process is always about building enduring relationships with our clients. Call us at (800) 976-4904 or fill out our contact form so we can help answer any questions you may have.