Franchise Purchase Lawyers
Verified NZ firms for purchase of franchise. Answer a few questions to find a Business lawyer in minutes.
Understanding Purchase of Franchise and when to get legal help
The Purchase of Franchise specialisation is an important part of the business practice area in New Zealand. It helps people and companies who want to buy a franchise. A franchise is a way of running a business where you use the name, products, and systems of an established brand.
What is a Franchise?
For example, if you want to open a fast-food restaurant, you might choose to buy a franchise from a well-known chain like McDonald's or Subway. This means you get to use their brand and follow their business model, which can make it easier to succeed.
Why is Legal Help Important?
Buying a franchise involves many legal steps. In New Zealand, there are specific laws that protect both the franchisee (the person buying the franchise) and the franchisor (the company offering the franchise). Legal help is important to ensure that you understand your rights and responsibilities.
What We Do
In this specialisation, we help you with:
- Understanding Franchise Agreements: We explain the contract you will sign, which outlines what you can and cannot do as a franchisee.
- Due Diligence: We assist you in checking the franchise's background, including its financial health and reputation.
- Negotiating Terms: We help you negotiate better terms in your franchise agreement, ensuring you get a fair deal.
- Compliance with New Zealand Law: We ensure that everything you do follows New Zealand laws, including the Franchising Code of Practice.
Buying a franchise can be a great way to start a business, but it is important to have the right legal support. Our team is here to guide you through the process, making sure you make informed decisions and protect your investment.
How to choose the right Purchase of Franchise lawyer
- Look for a lawyer with franchise experience.
- Check their track record with franchise agreements.
- Ask for client testimonials or references.
- Ensure they understand your business goals.
Verified Business and Commercial Law firms
These law firms are experienced in helping Kiwis navigate Purchase of Franchise in Business matters.
Common questions about Purchase of Franchise:
What is a franchise agreement?
A franchise agreement is a legal contract between the franchisor and franchisee outlining rights, responsibilities, and terms of the franchise.
Why do I need a lawyer for purchasing a franchise?
A lawyer can help you understand the franchise agreement, negotiate terms, and protect your interests during the purchase.
What should I look for in a franchise agreement?
Key elements include fees, duration, territory rights, and obligations. A lawyer can help you identify potential red flags.
Can I negotiate the terms of a franchise agreement?
Yes, many terms can be negotiated. A lawyer can assist in negotiating better terms that suit your business needs.
What are the common pitfalls when buying a franchise?
Common pitfalls include misunderstanding fees, failing to conduct due diligence, and not seeking legal advice before signing.