Business law

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Franchising

Setting up a franchise is an increasingly popular way of starting a business. Franchises are attractive as they offer the franchisee a thriving going concern under the banner of an established brand name. While some of the commercial challenges of a start-up can be negated with a franchise, this is likely to come at a cost, and you will want to make sure your franchise agreement is robust. At Hodders Law, we have helped businesses in many different sectors to establish and thrive as franchisees, so you can be assured that we have the expertise you need at this crucial time for your business.

The Franchise Agreement

There are several legal steps that a business must go through to set up a franchise. The franchisor is likely to expect a franchise to sign a confidentiality agreement during negotiations as well as a deposit agreement which may involve a non-refundable deposit. But the most important legal step is the franchise agreement – a binding commercial contract that sets out the terms of the relationship between franchisor and franchisee. The franchise agreement will address areas such as franchising and continuing fees, minimum performance requirements and the duration & termination of the franchise.

Striking the right balance

Getting the agreement right is critical to both parties as it will govern every aspect of the franchise from its inception to termination. Subsequently, the franchise agreement will often be lengthy and complicated. It needs a trained legal eye to ensure that the franchisee understands the terms of the deal and equally, that the franchisor adequately protects its assets such as intellectual property and goodwill. Our commercial contracts team led by partner Sherine Silva is here to take you through the various agreements, ensuring that your interests are fully protected.

To find out more about how we can assist you with franchising, please call us free of charge on 0808 168 8677 or email us at business@hodders.co.uk

Call us on 0808 168 8677 (local rate) to find out more about our Franchising law services or alternatively go to "Meet the Team" to contact one of our specialists directly.

With solicitors offices in Battersea, Hanover Square London, Harlesden, Harrow and Wembley, Hodders Law can provide the services of a local solicitor backed up by the strength of a big firm expertise.

Our Testimonials

“Dear Karen,

Thank you very much indeed for all that you, William Brown, and your support team at Hodders have done in connection with this purchase, and with the associated sale of Wallers Haven Barn. There were many times when I thought that we were not going to make one or the other, and it is in very large part down to your persistence that we are exchanged. Your care, patience and attention to detail have been much appreciated.

Mr L
March 2016

 

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