Franchising

Franchising is a very effective way for a business to expand and it is both quick and relatively inexpensive. There are approximately seven hundred and fifty franchise businesses that grant franchises across the UK.

A good franchise business will have multiple franchisees all working to the same business model and sharing procedures. Therefore, a franchise business will need a comprehensive agreement to be drafted, which takes this into consideration, to ensure a good working relationship between the franchisor and franchisee and an agreed basis to work from.

A typical franchise agreement will include; branding, funding, health and safety, employment and property law, competition law, termination, profit sharing etc.

You should instruct a specialist franchise solicitor who has experience and a comprehensive understanding of the viability of either franchising your business, or of the franchise opportunity you are considering. An initial consultation will highlight the areas that share similarity with yours and give the solicitor an idea of how they can help you succeed.

In the event of disputes they will have experience of the most appropriate measures to use such as mediation or arbitration, considered negotiation, and Alternative Dispute Resolution. Franchise arrangements can be complex, and a good understanding of the systems used for franchise operations is required in order to resolve disputes properly.