The Role of Your New Jersey Franchise Lawyer - Part 2
In this video series about the role of a New Jersey franchise lawyer, Mr. Internicola discusses the steps that your franchise lawyer should undertake in reviewing the FDD and franchise agreement and providing you with a practical, real world breakdown as to what each document contains. That is, a break down about the economic and legal factors that will influence your franchise investment and assist you in determining whether or not a franchise is right for you.
Some economic factors that your franchise lawyer will review, includes:
- Royalty fees;
- Advertising fund fees;
- Minimum purchase requirements; and
- Other legal obligations that, once you open your franchise, will impact your day-to-day profitability.
Some legal factors that your franchise lawyer will review, include:
- The ability to sell certain goods or services;
- Protected territory that you’re being granted; and
- Whether or not the franchisor can allow third parties into your market.
What is a Third Role Your New Jersey Franchise Lawyer Should Undertake? Read about it here.
- Take Your Business from Local Success to National Franchise with The 90 Day Franchise Launch Program
- An Entrepreneurs Guide to Purchasing a Business or Franchise
- ENDWISE: The Guide to Selling Your Business with Peace of Mind
- The New York and New Jersey Partnership Dispute Guide
- Franchise Counsel Program