Home
Buy a Franchise: FDD Review
Legal Protection and Guidance through Purchasing a Franchise
If you’re buying a franchise and found an opportunity that you are interested in, it’s important to understand the steps to take, how to protect yourself, the FDD disclosures, and the negotiated franchise agreement changes that need to be made to lock down your rights as a prospective franchisee.
Click the video above to learn about our process, how much it costs, and how we can help you out or scroll down for more information.
The Internicola Law Firm, PC is a franchise only law firm. We have worked with hundreds of franchisees throughout the country. Our main priority is to empower you so you understand exactly what your legal obligations are and your protections.
Legal Representation
Built for Franchise Buyers
Led by Charles N. Internicola, Esq. and Brian Lincer, Esq., our team takes you through the entire process to make you experience with us as seamless as possible. You may be looking for information and assistance about how a franchise law firm can help you out, what’s a good value, and how we can make a difference in this very important decision that you’re about to make.
In the beginning, we’ll want to talk about your goals, why you’re buying this franchise, and how it’s going to fit into your life. We do this because we want to help guide you in the right direction and to make sure that your expectations are compatible with the disclosures in your franchise agreement.
Charles N. Internicola, Esq.
FRANCHISE ATTORNEY
& CONSULTING
Email Charles
Brian A. Lincer, Esq.
FRANCHISE ATTORNEY
& BRAND PROTECTION
Email Brian
Samantha Cavitolo
DIRECTOR OF CLIENT SERVICES
Email Samantha
We are a team of experienced franchise lawyers and franchise professionals. In addition to being a franchise lawyer, Charles is also a franchisor so we understand franchising from both a business and legal aspect and from the perspective of both franchisee and franchisor. You will be working directly with Charles and Brian and your entire representation will be timely coordinated by our Client Services Director Samantha Cavitolo. Our franchise review and representation is backed by our many years of real world franchise industry experience and a team approach that involves an active working relationship with our clients.
So, let’s set up a call to discuss how we can help.
We are a team of experienced franchise lawyers and franchise professionals. In addition to being a franchise lawyer, Charles is also a franchisor so we understand franchising from both a business and legal aspect and from the perspective of both franchisee and franchisor. You will be working directly with Charles and Brian and your entire representation will be timely coordinated by our Client Services Director Samantha Cavitolo. Our franchise review and representation is backed by our many years of real world franchise industry experience and a team approach that involves an active working relationship with our clients.
So, let’s set up a call to discuss how we can help.
Our Process
Step by Step Process to Protect Your Investment
Our franchise representation begins and ends with the unique goals and expectations of each of our clients. We start off with a conversation about your goals. From there, we craft a detailed review of the FDD and franchise agreement, discuss the franchise due diligence process, and phone conversations with you about the process, negotiate with you franchisor, and prepare proposed franchise agreement amendments.
1. Initial Call: Understanding Your Expectations
During our calls, we will talk about how your franchise investment fit in to you life and how it’s aligned with your expectations and goals. During our call, we will schedule specific dates for when our FDD Review will be complete.
2. FDD and Franchise Agreement Legal Review & Assessment
We will prepare a written report (FDD Review) that assesses the FDD, 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 5 business days.
3. Preparation of Proposed Addendum to Franchise Agreement
Based on our 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
We will schedule a planning and strategy call to get your input, answer your questions and to finalize our negotiating strategy and the addendum that we will present to the franchisor.
5. Negotiations with the Franchisor
We negotiate 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 Conclusions
Following negotiations we work with you through signing the franchise agreement. Also, if you decide to walk away from the transaction, we are also there to give you our candid guidance.
While we are reviewing the FDD, we will encourage 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 Entrepreneurs Guide to Purchasing a Franchise.
Timing
Our turnaround time is 5 business days from when you retain us. So, we’ll get started right away reviewing the FDD, look for red flags, evaluate the legal disclosures, comparing it to the franchise agreement, and sending you a detailed review letter that highlights all these points.
Fixed Fee Pricing
Our fixed fee is $2,500.00. There’s no surprise billing and no unexpected expenses. We can have as many as 50 calls or as little as 2 calls and you will not incur extra costs from us. The key is to make sure you go through the process the right way.
Trusted by Franchise Owners
What You’ll Get
- Up-front, fixed pricing
- No hidden fees
- Phone consultations
- Review of the FDD
- Review of the franchise agreement to limit your personal liability, make sure your territory protections are intact, and more
- Detailed conversations about you and your goals
- Negotiations with the franchisor
- Preparing addendums to the franchise agreement
Let’s Talk
With services to make buying a franchise simple, cost-effective, and with a team excited to help you, let’s talk about your goals, review the FDD, and see how we can help you buy a franchise. Looking forward to speaking. Click on the button below or call us at (800) 976-4904.