Franchise Contracts - critical to success and commercial survival

Every business contract in a franchise system has legal consequences that need to be identified and addressed head on, starting with disclosure documents and franchise agreements.

Contact Neufeld Legal PC for franchising legal matters at 403-400-4092 / 905-616-8864 or Chris@NeufeldLegal.com

Contracts are the lifeblood of commercial business transactions, and for franchisees this begins with the disclosure documents and franchise agreement. Contracts provide the framework through which business relationships are controlled, enabling each of the parties to attain their agreed upon benefits, while providing appropriate protections against violating the settled terms and conditions. In turn, the value of an excellent contract, which has been skilfully negotiated and properly written, is rarely evident - until one of the parties attempts to breach the contract (with the potential for such a violation having been substantially reduced by the knowledge that any violation will have serious repercussions).

Conversely, when contracts are poorly negotiated and/or written, they can become a source of unending anguish and drain on a business' financial resources. Experienced contract negotiations and drafting will enable you to avoid these disasters, by avoiding the traps and pitfalls that other businesses all too frequently fall prey to. You should always be looking to solidify your business relationships with well-structured contracts, so that you can focus on your core business and not the distractions that arise from disputes that lack a clear contractual formula for resolution.

For franchisees, business contracts are central to their franchising arrangements, as they are not instrumental to the success of their commercial enterprise, but also their commercial survival. This includes franchise disclosure documents, franchise agreements, area development agreements, master franchise agreements, and commercial real estate lease agreements, in addition to the renewal of the franchise agreement and share purchase transactions and asset purchase transactions of existing franchises.

Christopher Neufeld is a business lawyer knowledgeable in the rigors and challenges of the franchise business, together with the legal constructs that are critical to their effective operation. For experienced legal representation in starting, acquiring / selling, operating and managing a franchise, contact franchisee lawyer Christopher Neufeld at 403-400-4092 [Alberta], 905-616-8864 [Ontario] or Chris@NeufeldLegal.com.

The Franchise Disclosure Document. A Franchise Disclosure Document is a detailed document that a franchisor provides the franchisee during the initial stages of purchasing a franchise. It is designed to provide franchisees with vital information that they need in order to make an informed decision prior to investing in a franchise opportunity. Read more.

 

The Franchise Agreement. A Franchise Agreement is a comprehensive and legally binding contract that establishes the terms of the relationship between a franchisor and a franchisee, establishing how the franchisee is to carry out its franchised business in conformity with the established franchise system. Read more.

 

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Contact us via email at chris@neufeldlegal.com or call 403-400-4092 / 905-616-8864.