Our experienced Corporate Team has specialist knowledge of advising clients in respect of all franchising matters.
In particular, the team often acts for clients on the sale and purchase of an existing franchise business and in reviewing and advising franchisees on franchise agreements. The team is highly regarded for its work in this area and is on the panel of certain franchisors as recommended solicitors to be used by its franchisees.
Selling or acquiring an existing franchise business is different to a general business sale or purchase. This is due to the fact the operation of the business and the sale process is governed by the franchise agreement. This will restrict the sale of the business without the franchisor’s consent and sets out the relevant process for the sale to take place. The buyer’s and seller’s solicitors are required to meet the franchisor’s requirements to complete the transaction, as well as negotiate between them the terms of the sale and purchase itself. Having solicitors that are familiar with these arrangements and know what they are doing, can save costs, help matters run effectively and provide greater protection.
You may be interested to see our pages on selling your business and business acquisitions which provide some further information about the other transactional work the team does and its wider experience.
The team also has experience of acting for franchisors on selling its business and advising franchisors on the acquisition of other business.
In addition to the above, the team offers a fixed fee franchise agreement review service. This involves the review of the relevant franchise agreement and providing you with a written report on the key terms and aspects to consider before entering into the agreement.
If you are a Franchisor looking for a firm to help support your franchise network and have panel opportunities for this work, the team would be keen to hear from you and to build a relationship.
If you are looking at selling or buying an existing franchise business or need a franchise agreement reviewed, please do get in touch with the team who will be happy to assist.
