Thursday, May 27, 2010

Franchise Attorney Colorado

Let us consider an established business wants to spread their operations in colorado. One thing they can do is invest millions of dollars. But then, there are many colorado business persons willing to invest in a good business, if the returns on investment are good. This comes under franchise, which means, expanding a business operation by licensing to a third party for a fee and grant the right to engage in a business operation under a required marketing plan. The colorado business person needs to talk to a franchise attorney colorado, who will study the franchisee business plan. These franchise operations are tricky some times and do not ignore to consult franchise attorney colorado.

The biggest advantage when you buy a franchise is that you are purchasing a proven business model and are expected to get financial returns quickly. However, all businesses may not be always remunerative. One need to read the agreements carefully. A franchise attorney colorado can read this carefully for you and advise you what to do.

The franchise attorney colorado can assist both franchisors and franchisees with the intricacies of federal and state franchising and business opportunity laws. If you want to become a franchisor, the attorney can assist you to make an informed decision. They can even help you register and the protect the trademarks for franchise.

For existing Franchisors, franchise attorney colorado can extend help to negotiate changes to the franchise agreement, deal with franchisee defaults and other franchise law issues. Similarly for Franchisees, they help in making the entrepreneur understand the business and legal ramifications of being a franchisee .

Franchise attorney colorado handles the registration of trade-marks and the preparation of the necessary documentation including franchise agreements, guarantees & indemnities. They also take care of all the regulatory compliance including preparation of the disclosure document required. Most often they handle franchise disputes on behalf of both franchisors and franchisees.

Federal Trade Commission (FTC) requires every franchise system to prepare an extensive disclosure document. A copy of this document is to be given to any prospective franchise purchaser before he buys a franchise. If you decide to become a franchisee, the franchisor gives you this document and you need to sign the receipt of the same. And you are given 10 days time to read and return the document duly signed. You need to show this document to your franchise attorney colorado and get his comments. The document may be signed only after, franchise attorney colorado approves from your side.