When deciding to embark on franchising your business, or franchising a new business, gathering all of the information needed before making the important decision of hiring a franchise attorney is important.

Sometimes, however, it can be confusing as to why you need a franchise lawyer, or what exactly the benefits are of having one. So, what does a franchise attorney actually do?

In short, a franchise agreement is a massive commitment. A relationship between a franchisee and franchisor can be a 20+ year relationship that may require an initial investment of tens, if not hundreds of thousands of dollars.

As with any financial agreement, a franchising agreement comes with mountains of paperwork and liability disclaimers — often exceeding 50 pages.

The Franchise Disclosure Document (FDD), a legal document that must be given to individuals that are interested in buying a U.S.-based franchise as part of the pre-sale “due diligence” process, generally totals 200+ pages.

The Federal Trade Commission (FTC) created these guidelines in 1978 that required franchisors to share information prior to allowing a new franchisee to join their business.

Learn more about Franchise Disclosure Documents.

About Drumm Law

At Drumm Law, our mission is simple — we are a virtual firm with an award-winning team of franchise attorneys that are ready and willing to assist you with any of your legal franchise needs.

Contact one of our franchise lawyers today to get legal help with your franchise.