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Posted on 2/2/2011 - Franchising Documentary Damages Cold Stone Creamery Franchises...
Posted on 1/17/2011 - Noble Roman’s Inc. Wins One Lawsuit, Starts Another...
Posted on 1/13/2011 - Successful Franchises Listen to Customer Demand...
Posted on 1/12/2011 - Kid’s Clothing Store Sues for Trade Secret Theft...
Posted on 12/9/2010
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Franchisor Services
Franchise Agreements (Part B)
Reviewing the Franchise Disclosure Document
The franchise agreement is signed when you have made your final decision to buy the franchise. Before you sign on the dotted line, you will have a chance to review the Franchise Disclosure Document (FDD). The FDD will allow you to review information such as the franchisor's company history and background.
The FDD will include any lawsuits or bankruptcies that the franchisor has experienced in the past. Also in the FDD, you will find financial and distribution channel information, as well as confidentiality restrictions, i.e. which information you may or may not disclose.
Before you sign the franchise agreement, you should go over the FDD with a New York franchise attorney. An attorney will help you understand your obligations as a franchisee. Once you have thoroughly read the information provided in the FDD, you can proceed to sign the franchise agreement, and start your new franchise in New York.
Contacting a New York Franchise Attorney
If you are an entrepreneur interested in starting a franchise in New York, it is best to get the advice of an expert in New York franchise law. A New York franchise attorney can help you:
- Understand the terms that you are agreeing to;
- Meet your obligations as a franchisee; and
- Avoid the common missteps of starting a new franchise.
Furthermore, an attorney can represent your interests in a dispute with the franchisor. If there are legal issues to be resolved, you will need the legal counsel of a New York franchise attorney.
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, New York 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
IMPORTANT DISCLAIMER: The information contained on this website is provided for general educational purposes only, should not be relied on as legal advice and does not serve to create an attorney client relationship. In utilizing this website you acknowledge that there is no attorney client relationship between you and Charles N. Internicola, Esq. and that the information contained on this site does not and cannot serve as a replacement for the competent legal advice of a licensed attorney in your state. Further you acknowledge that any and all citations to cases and statutes must be independently verified by competent legal counsel to confirm the validity and accuracy of such information. The content of this site is subject to the Copyright of its author and owner, Charles N. Internicola, Esq.
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