Franchisee University Articles
Articles About Expanding and Protecting Your Business and Business Interests
The articles below are written by National Business and Franchise Lawyer Charles N. Internicola, Esq. and the attorneys at The Internicola Law Firm. These articles are based on “real world” experience and are designed to assist you in the expansion and protection of your business. Learn more about franchising, business transactions, intellectual property protection and how to deal with shareholder and partnership disputes.
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Franchise lawyers are recommended when buying a franchise because franchise agreements can be changed or modified.
It should take about two weeks for a franchise lawyer to review the franchise agreement and FDD and about four weeks to negotiate with the franchisor.
When buying a franchise, your franchise lawyer will review the FDD and Franchise agreement while you take steps to advance your due diligence.
The Franchisor and Franchisee relationship is dependent and franchisees acquire rights and obligations to the franchisor such as following business systems.
When buying a franchise you will come across terms such as franchisor, franchisee, protected territories, franchise fee and royalties.
Franchise process for franchisees include identifying an existing business and obtaining a license to use a franchisor’s trademarks and business systems.
Franchise Success Statistics and Factors Study by Charles Internicola reveals if franchised businesses are more successful than independent businesses.