SNA Attorneys, apart from handling labour related cases, also assist franchisors and franchisees regarding franchise agreements. We understand the legal implications of entering into a franchise agreement and thus make sure that we provide sound legal advice and professional services to clients wanting to set up franchise agreements or wanting to enter into such agreements with franchisors.

Franchising is a rather sophisticated method of licensing allowing the franchisee to use the intellectual property of the franchisor in terms of trademarks, trade secrets and business concepts in return for the payment of royalties to the franchisor. Our team of Franchise Lawyers have the expertise to review such complicated contracts as are normally set up by the attorneys of franchisors. As such we are well able to identify pitfalls and advice clients accordingly.

One of the most important tips that our team of  Franchise Lawyers can give prospective franchisees is to carefully review the franchise contract before signing anything. The small print should not be ignored as you will enter into a binding agreement with the franchisor and you will have to pay royalties. You need to make sure that the agreement will not only benefit the franchisor, but you as well. Don’t sign any agreement where the royalties seem unrealistically high.

It is easy for someone to create amazing projections of possible income, but the truth is that it will take time before you realise enough profit to make a living, pay royalties, grow the business and progress to the next financial stage. Our team of Franchise Lawyers will review the terms and conditions of the agreement including penalties payable, royalties and renewal terms.

Contact our team of Franchise Lawyers today to help you to consider the prospects of  entering into a franchise agreement.