Buying a franchise may seem like a great idea. After all, you’re buying into a business that is presumably already established and has a recognizable customer base.
So by paying the franchise fee, you can avoid a lot of the problems that come with starting a business like letting customers know what your business is about, deciding what goods to carry, and even knowing where to get your supplies.
However, buying a franchise is not for everyone – the entrepreneurial landscape is filled with failed and disgruntled former franchise owners. So before rushing out and buying a franchise, you may want to keep these five legal tips handy:
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Related Resources:
- Buying a Franchise: Overview (FindLaw)
- Consumer Guide to Buying a Franchise (FindLaw)
- Top 3 Legal Issues Facing Franchise Owners (FindLaw’s Free Enterprise)
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