We recommend that you hire an experienced attorney for all business transactions. These transactions, if not handled properly, can cause long-term contractual disputes and loss of business income.
Our attorneys at Craft & Sheppard will work with you to assess your objectives, and design contracts and programs which will assist you and your business in the achievement of those objectives while minimizing the opportunity for misunderstandings and litigation.
We will help you with the drafting and negotiation of contracts, corporate minutes, and even the formation of your business as a:
- Limited partnership
- Limited liability partnership
- Limited liability company
We can also help you with the sale or dissolution of your business.
A strong, interactive relationship with your lawyer at the beginning of a business transaction can help ensure that your intentions and expectations are met with a focus on profitability.
Many hard-working men and women dream of owning their own business and believe that purchasing an established or new franchise is their ticket. At times, the franchisees fail to read or understand the fine print in the contracts drafted by the franchisers for their benefit and protection. Though federal and state laws give franchisees certain rights and may require particular disclosures, often a prospective franchisee may not fully appreciate their significance. A prospective franchisee should consult with an attorney, thoroughly review the contract and obligations, pore over the disclosures, and understand the commitments that he or she is undertaking. Prospective franchisees often give up important rights and remedies when they sign on the dotted line. Therefore, before investing all your assets with a franchiser, talk to a lawyer. This conversation may be one of the most important ones of your life. Don’t accept the promises at face value, and understand that franchisers prepare contracts for you to sign for their benefit and protection, not yours.
If you have already purchased a franchisee and promises of returns and profits have not materialized, talk to a lawyer.