So you have decided that you are interested in purchasing a franchise and maybe you even have a good idea of what franchise company you would like to be a part of. By now you may be feeling like you are ready to take a step forward with your franchise purchase process and may be feeling like you want to speak with someone who can answer the legal questions you may have about the franchise you are considering. You may have franchise legal questions such as "are my rights fully protected as a franchisee in the franchise agreement" and "what is in the disclosure statement".
Finding the right franchise lawyer will help you feel comfortable in your franchise purchase and will help you know to the best of your ability if you are making the right decision by purchasing the franchise that you are choosing to buy. Here are a few things you will want to know when you are searching for the right franchise attorney:
Explore your options even if its nationwide franchise attorney. Finding a franchise lawyer in your area is not a necessity, in fact, since a franchise attorney never even has to meet with you in person for the transaction it is more important that you find a skilled franchise lawyer whether they be our-of-state or in-state rather than using a mediocre franchise lawyer in your area.
Make sure the lawyer is concerned about your potential purchase. The franchise lawyer your chose should be concerned about your purchase and should make sure that you have thoroughly investigated and completed the process of due diligence about the franchise company. A franchise attorney should make sure that you are certain that this is the franchise for you and that you have spoke to other franchisees in that franchise company and have done your research.
Don't use a franchise attorney just because of the discounted legal fee. Sometime franchise lawyers who offer "discounted fees" or have lower fees than most are not the best choice when it comes to someone who is going to be representing you in your franchise purchase. In a franchise transaction you will want to make sure you are using the best of the best when it comes to franchise lawyers. Finding the best franchise lawyer for you may mean that you pay more in fees than you would for a franchise lawyer that is not as good or experienced. Remember spending a few extra dollars now may save you thousands if not hundreds of thousands in the future.
Make sure they are in good standing. Making sure the lawyer you choose is in good standing with the American Bar Association (ABA) is very important and will help you be able to stay away from lawyers who are not looking out for your best interest. You can visit the American Bar Association's web site to view qualified franchise lawyers.
Charles N. Internicola, Esq., a partner at the Staten Island law firm of Decker Decker Dito & Internicola, LLP., is an experienced business and franchise lawyer who represents individuals and experienced business owners in business transactions and business litigation in Staten Island, New York City and New Jersey. Charles is the author of the book "An Entrepreneurs Guide to Purchasing a Business" and he is the editor of the New York Franchise Law Blog. If you are involved in a business transaction, purchasing or selling a business, establishing a franchise system or involved in a business dispute, contactCharles Internicola to discuss the specialized legal services that he provides to his clients.
IMPORTANT DISCLAIMER: The information contained on this website is provided for general educational purposes only, should not be relied on as legal advice and does not serve to create an attorney client relationship. In utilizing this website you acknowledge that there is no attorney client relationship between you and Charles N. Internicola, Esq. and that the information contained on this site does not and cannot serve as a replacement for the competent legal advice of a licensed attorney in your state. The content of this website is subject to the Copyright of its author, Charles N. Internicola, Esq.
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Decker, Decker, Dito & Internicola
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