Addressing Franchise Law Concerns In New York
Franchising is the practice of using an established business model. The franchisor grants the franchisee the right to distribute its products, techniques and trademarks for a percentage of gross monthly sales and a royalty fee.
At the law firm of Gabor & Marotta, LLC, our experienced Manhattan franchise law attorneys provide representation for all franchise law matters in Manhattan, Brooklyn, Staten Island, Long Island and throughout the New York metropolitan area. We are committed to the development of long-term relationships with our clients. Whether you are just beginning the process of purchasing a new business, or you already have multiple locations and you wish to spin off into your own franchise, our firm can help you make the most of your opportunities. We create franchise offerings and obtain the regulatory approvals for you.
Purchasing A Franchise In New York
If you are interested in buying a franchise, the lawyers at Gabor & Marotta, LLC, will provide all the guidance you need. Our business law attorneys will review each of the important documents, including the franchise agreement and the franchise disclosure document, or the uniform franchise offering circular (UFOC), and then examine any potential red flags or issues that may arise.
The Federal Trade Commission regulates franchises in the U.S., and requires that all pertinent information is provided to potential franchisees in the disclosure document. The information provided, which we will review with you, includes the identity and background of the franchisor and its key principals, all of the fees a franchisee must pay, and the current status of franchise operations. We will also negotiate the terms of your retail lease.
Whether you are selling or buying a franchise, we will begin by discussing your obligations and any challenges that you should expect, and also assist you in negotiating the franchise or master franchise agreement.
Developing Businesses Into Franchises In New York
If you have started a business, registered the trademark, and have built a strong brand identity, growing the business into a franchise can help you exponentially improve your profitability. Franchising can be an effective method by which you can expand your business and maximize the return on your investment. Registering a trademark is often the first step.
When you have decided to elevate your business model into a franchise, you need to do it correctly with the proper disclosures and regulatory approvals. Franchise law can be quite complicated, involving federal and multiple state law regulations, and our firm can help you with all legal and compliance issues, including drafting your disclosure document and franchise agreement. With our real estate background, we can also assist you with site selection and leasing.