Have Your Franchise Agreement Reviewed For Risky Details!
Franchise Agreement Review Lawyers Help You Understand The Contract
Franchising is becoming very popular throughout Canada, but getting into the field of franchising on your own without the help of an experienced franchise agreement review lawyer is akin to walking through a minefield. If you are getting close to the point where you will be investing in and/or starting a franchise, then you do not want to move ahead without consulting a franchise agreement review lawyer. It could be a bad financial move if you do. The franchise agreement review lawyers at Kahane Law Office in Calgary, Alberta (403-225-8810) are here to help.
Why You Need A Lawyer To Review Your Franchise Agreement
When you are signing with a franchise, you will have to sign an agreement to become a franchise owner. These contracts are often not easy to read. Given their complexity and financial (and other) obligations, it is not something that you would likely want to try to tackle on your own. There are likely phrases and terms that are unfamiliar to you. If you simply sign the agreement without having a franchise agreement review lawyer helping you, there is a chance that you could be signing something that you do not fully understand. Worse, there can be long term implications that affect your ability to run the business. So if buying from the franchisor or a person selling an existing franchise location, always review these documents.
Best To Know The Agreement Even If you Cannot Change It!
Many of the franchises will claim that their agreements are iron clad and that you cannot change them. While that might be the case, you still need to know what it means and what is expected of you. What can you do, what do you need to do and what can you not do? It is not always a cut and dry case, as you might think. In some cases, the franchise agreements are hundreds of pages long. It takes a long time to get through it all. If you have never read this type of document, then it can be just about impossible to understand all the implications. A franchise agreement review is key to your future success.
Do You Need An Agreement Reviewed?
Are you able to sign one of these agreements on your own? Yes, all it technically needs is your signature. However, it would be risky to do so if you have no idea what you are signing. If the franchise develop
ment director of a company says that they can explain everything and that you don’t need a franchise document review, take a step back. Why don’t they want you to hire a lawyer? Is there something in the agreement that could cause problems down the line? The only person who has your best interests in mind is you. This means you need to do everything you can to protect yourself, including working with a franchise agreement review lawyer.
By having the franchise agreement reviewed and explained to you, you will know the legal rights and obligations that you will be subject to. A franchise lawyer will know what matters in these agreements, and they can let you know whether it is in your best interest or not. After all, they are working for you.
The Challenges In Reviewing These Contracts
Franchise agreements include very detailed terms. Do to the specific nature of the agreements, the details included and the legalese used to draft them, most clients experience difficulty in interpreting the entire agreement. Further, headings often do not fully explain the entire clauses under them, and often do not even form part of the contract. Small, but significant details, often lay buried in long detailed paragraphs. Further, often these agreements include a limited time frame in which to sign them.
Finding A Lawyer To Review Your Franchise Agreement
When you are looking for a franchise lawyer to help with this matter, you don’t want to choose just any attorney, even if they have experience with contracts. Instead, you need to look for someone who has actual experience when it comes to working with franchise agreements. They understand the contracts and specialize in them. This allows them to ensure you know exactly what you are getting into with a franchise. Always ask about their experience and how many others they’ve helped in situations just like yours.
The franchise agreement review lawyers at Kahane Law Office in Calgary, Alberta can help with your franchise legal needs. Lastly, feel free to reach our team toll-free at 1-877-225-8817 (or403-225-8810 locally in Calgary, Alberta), or email us directly here.