Franchise Document Review
When you consider joining a franchise, you will be provided a large document, called a Franchise Disclosure Document or FDD, which provides a volume of information about the franchise system, your franchise (should you choose to purchase it), and the franchisor. The FDD also contains a form Franchise Agreement that you will sign if you become a franchisee - this is the document that governs your relationship with the franchisor.
Franchise Review Package
Cooper & Riesterer offers a Franchise Review Package, which includes a complete review of the FDD and Franchise Agreement. We provide comments and feedback on the document, and ensure that the franchisor's business entity is in good standing in its home state. We also confirm that it maintains appropriate trademark protections that it claims in the FDD.
After review of the FDD and Franchise Agreement, we arrange for an in-person or telephone meeting with you to discuss our review. If you are new to franchising, we will provide a brief summary of franchising and what to expect from a legal perspective in the FDD and Franchise Agreement, as well as areas of concern in the documents.
We then review our findings and point out important provisions, as well as areas of concern in the FDD and FA. We will bring attention to areas in the FA or FDD that may need to be addressed with the franchisor. It is best if you have had a chance to review our comments to the documents prior to our conversation. During this conversation, we will address any questions you may have regarding the documents.
For many clients, this review is sufficient to permit them to make a decision to pursue the franchise opportunity or move on. However, if, based on our conversations, you want us to propose changes to the Franchise Agreement on your behalf, we will do so. We will also assist in any follow-up negotiation and guidance requested.
Contact Cooper & Riesterer today: 810.227.3103
The law firm of Cooper & Riesterer, PLC, provides skilled legal services and experienced counsel to clients in Livingston County and throughout Southeast Michigan. We focus our practice on saving our clients time and money by offering: sound legal advice; proactive counsel to avoid future disputes; and effective, efficient resolutions when disputes do arise.