Experienced Manhattan Franchise Agreement Lawyers
Franchising allows a business to establish a regional national or international network of units operating under the same brand name without the staggering time and expense that would be required if the parent company decided to open each location on its own. In order to open a unit, it is necessary to:
- Find each unit's location
- Either purchase or lease that location
- Build and equip the unit
- Hire all necessary personnel
- Acquire all required inventory
- Secure all required licenses, permits and other government approvals
- Open and operate that unit
Additionally, this parent company would be responsible for all aspects of that unit's operation and expense, while being liable for any mishaps that could occur.
New York Business Franchise Lawyers for Clients Nationwide
Most business networks that have been established over the last few decades have been through franchising. When franchising a business, the business model is developed that determines what products or services are sold from the unit, how it should be operated, what type of marketing it will be engaged in and where the unit should be situated. Franchisees have the obligation to build the unit and take care of the day-to-day operations.
Both product franchising (where a franchisee sells a company's product line and has the identity of the product manufacturer such as auto dealerships and oil refiners) and business format franchising (who adopt and adhere to franchise details and specifications for all units) can be helpful for allowing businesses to expand without incurring the necessary cost and expenses of operating each unit.
Let Us Help You Franchise Your Business
For more information about franchising your business, talk with an attorney at the law firm of Kaufmann Gildin & Robbins LLP. Schedule an initial consultation or discuss your options by calling us at our New York office at 212-755-3100.