Franchise Disclosure Agreements
Do not sign a franchise agreement before seeking the legal advice of an experienced Virginia franchise lawyer. It would be a huge mistake to sign any franchise disclosure documents without reading the fine print and reviewing the contract with your attorney. Contact our office today to schedule a free consultation.
Franchise Disclosure Agreements | Understanding All Terms and Conditions
When entering into franchise agreements, the franchisor is required by law to provide an investor with a franchise disclosure document (FDD) containing information about the franchise, the parent company, and the franchise agreements themselves. The length and complexity of most FDDs can be intimidating to potential franchise owners and our firm can review this document with you in plain English so that you understand the exact terms of your franchise agreement.
Our team can help you review sections of the FDD including:
- The terms outlined by the franchise agreement
- Past lawsuits filed against the company
- Statements regarding the financial health of the franchisor
- Attrition rates of franchisees
- Contact information for other franchisees
It is vital to seek clarification for anything that you do not fully comprehend. Regardless of what was discussed leading up to an agreement, it is important to read, review, and understand exactly what is in your FDD before signing. Failure to do so can hinder your ability to seek legal action in the case of a dispute. If you have any questions regarding the FDD or your franchise agreement, do not hesitate to contact our firm.
Franchise Disclosure Agreements | Contact Our Office
If you are considering investing in a franchise, our Virginia franchise lawyer can help you review your FFD to ensure that the terms of an agreement are right for your situation. Our lead attorney is dedicated to providing personalized legal advocacy to every client and has been honored by numerous legal organizations including the National Association of Distinguished Consul. The franchisor will have a dedicated team of legal professionals at work for them and you need an experienced Virginia franchise lawyer in your corner who will fight to protect your interests.