Franchising is a complicated area of law as it requires agreements to be put into place and existing brand names to be respected even as new business off-shoots are created.
There are also different types of agreement available for different types of business, and the process can be quite expensive. Getting the right franchise legal advice at the outset is absolutely essential. This means it’s important to hire the services of specialist franchise solicitors to help you decide whether it is right for you and, if you do decide to proceed, to complete the process as smoothly as possible. It can also help to know about some common kinds of franchise that exist, so read on to find out more.
Gyms, for example, are often part of a larger franchise. You’re probably aware that there are some major brand names out there when it comes to gyms, but many of them are actually franchisees of the parent business. This means that they all trade under the same brand name but they are run semi-independently. This dichotomy is why the area of law can be so confusing and you really need top quality franchise legal advice. Your franchise solicitors will be able to explain how everything works in more detail to make sure you understand what is happening if you do decide to go ahead with an agreement.
Quite a few big-name retail businesses are also run as franchises, most commonly under distribution agreements. This means that the parent business distributes products for the franchisees to sell under their brand name.
The situation can sometimes be more complicated in the arena of food and drink. This is because some food and drink outlets are run as franchises, which means that they might well be subject to a distribution agreement. They might also need to have a manufacturing agreement too, if the franchisees are manufacturing the food and drink products under the existing brand name. As multiple issues can make coming to an agreement more complicated, it is more important than ever that these businesses hire franchise solicitors to make sure they have followed the correct procedures and that they have come to the right agreement. (more…)