Buying a franchise can be an excellent way to break into a new business. This is because the name and recognition, which take years to build, come with franchising already in place. However, what appears to be a success on the surface can be a financial sinking ship as one might find themselves in a situation with drawbacks they never imagined. The help of a franchise lawyer such as Mario L. Herman can be of great assistance in conducting due diligence.
The company spokesperson answered a query: "The duration of a franchise agreement establishes the timeframe during which the franchisee is granted the right to operate under the franchisor's brand and business model. In contrast, renewal rights provide an opportunity to extend this partnership."
With over 33 years of experience, Mario L. Herman can ensure any prospective franchisee doesn't overlook any aspects of the deal that deserve further consideration, such as fees, royalties and renewal terms, litigation history, financial health, termination clauses, and more. So far, the franchise business attorney has assisted clients in more than 40 states in the United States and over ten foreign countries with franchising matters, including India and Canada. So, no matter where a client is located, the attorney can still help provide the due diligence they need to fully comprehend their franchise agreement.
The company spokesperson added, "Renewal rights typically provide several benefits, including continued access to the franchisor's brand, the opportunity to leverage the investments made during the initial term, and the potential to establish a long-term and successful business relationship with the franchisor. For more insights, clients can contact us."
Moreover, Mario L. Herman also offers arbitration services that effectively resolve disputes that might arise later between a franchisor and a franchisee when one of them feels taken advantage of. Some of the disputes that the attorney resolves include trademark violations, territorial encroachment, future royalties, false earnings claims, quality control, and breach of contract. In addition, Mr. Herman is also familiar with resolving the Federal Trade Commission's regulated disputes, such as fraud. So far, the attorney has represented clients with businesses such as restaurants, real estate, domestic services, hotels, fitness centers, and more. So, reach out to the franchise litigation lawyer today and get to resolve that existing contracting issue.
About Mario L. Herman
Mario L. Herman is a top domestic and international franchise attorney who has been practicing franchise law solely for decades. He is licensed in Washington, D.C., and because of his exceptional legal service, the franchise law attorney has been interviewed on television and radio. Also, he has contributed various articles on franchising to the Wall Street Journal. Thus, when working with the attorney, clients should expect to receive exceptional service in preparing and reviewing franchise disclosure and franchise agreements for domestic and international use.
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City: Washington D.C. 20015
Country: United States
Website: https://www.franchise-law.com/
