Do I Need A Lawyer To Start A Franchise?

A: If you plan on starting a franchise in New York, then YES, you should get the professional help of a New York business lawyer. Starting a franchise gives you the right to use someone else's business model. This includes their business name, its intellectual property, as well its products or services, but your ability to use them depends on the rights that you acquire. Your franchisee agreement will define: 

• The period of time for which you can make use of these rights
• Deadlines for opening the business
• The ways in which you are allowed to use the business' intellectual property
• Your licensing fee and royalty payments
• Your ability to renew the agreement   

A New York business lawyer can review your franchisee agreement. They can also negotiate the terms to protect your individual interests. For instance, if you are unable to open your franchise on time, or cannot complete the training, some franchisors will fully refund the required franchise fee. This is just one way of protecting your business interests in a franchisee agreement.

For advice on opening a franchise in New York, or for help understanding a franchisee agreement, you can get expert help of a New York business lawyer.

If you are an entrepreneur who is interested in purchasing a business or franchise, there is a lot you need to know, including the top 5 business-buying myths and how to evaluate business assets. For a limited time, get this FREE business manual An Entrepreneurs Guide to Purchasing a Business or Franchise. Offering expert help in New York, New Jersey and nationwide, business and franchise attorney Charles N. Internicola is ready to answer your questions about franchise, national and international trademarks, and any critical business matters that may arise. Contact us today - 1-800-976-4904  

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