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Washington Franchise Agreement Lawyer

Seattle Franchise Disclosure Document Attorney

Buying a franchise is a huge investment, one that can have a considerable impact on your financial future. As such, it is an investment that needs careful consideration and the help of experienced advisers.

At the Bundy Law Firm, we consult with people who are considering investing in a franchise. This involves determining the client's background, objectives and expectations and evaluating the franchise contract and other documents. Before you sign any documents, it is important that you consult with an experienced franchise attorney. Contact the Bundy Law Firm at 425-296-3411. Buying a franchise could be the best investment you ever make, but it is not something you should enter into without doing due diligence.

What Should You Look for in the Franchise Agreement?

Before you sign a franchise agreement, there are things you need to look for or beware of:

  • The Franchise Disclosure Document (FDD). The franchisor must deliver a FDD to you at least 14 days before you sign the agreement or make a payment. This document is lengthy and is broken down into 23 sections called items. The items describe the franchisor, the nature of the business, the relationship between the parties, information about the principals of the franchisor, an estimate of your expenses, the amount of your investment, the legal status of the trademark, contact information for current franchisees and should clearly delineate the duties of both the franchisor and the franchisee.
  • Amount of total investment. The FDD should tell you the amount of your total investment, but this number is probably not complete and does not include expenses such as the true cost of the lease and equipment.
  • Personal guarantee. The documents may not explain the consequences of a personal guarantee.
  • Operations manual. Most franchise agreements incorporate an operations manual that you may not see until after you sign. Most of these manuals give the franchisor the unilateral right to change the rules.
  • Renewal. What is the meaning of renewal in the agreement? There are few franchise agreements that allow a franchisee to renew under the same agreement. Most renewals raise the fees, require an additional investment or impose other new requirements on the franchisee.

Before you sign any agreement, consult with an attorney. The above is only a limited number of the many things you should be aware of before investing in a franchise. At the Bundy Law Firm, we will guide you through the documents item by item. We will make sure you understand every obligation and duty you and the franchisor have and all of the possible pitfalls. We try to give you the tools you need to make a good franchise purchase decision.

Contact Our Washington Franchise Agreement Attorney

If you are considering buying a franchise, contact our Washington franchise lawyer at the Bundy Law Firm. Our experience will be invaluable in protecting your business for years to come. Call toll free 888-325-8817.

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