Buying a franchise as a business idea can be both good and bad. If you have had absolutely no previous business experience with a bit of guidance from a good Lawyer or business advisor can be a great way to start a business. But as with all businesses you still need to be aware of certain aspects of business that aren’t always apparent but need to be looked out for. This is the job of a good lawyer or solicitor who specialises in small business franchising.
As is the case with all businesses, the franchiser is also in business and looking to get the highest return on their capital invested. So for the unwary franchisee, you could end up legally trapped in one or more aspects of the franchise that doesn’t suit you or your locality.
What you are buying with a Franchise
It is important to be very clear …