As with any type of business, buying or selling a franchise is a complex transaction requiring substantial preparation and forethought. Participants in these types of deals must thoroughly understand the business involved, market conditions, and their legal rights and duties in order to get the most out of the transaction. As recognized practitioners in franchise law, the attorneys of Caulkins & Bruce, PC have helped numerous businesses buy and sell franchises of all types. They use their legal knowledge and practical experience to help those transactions proceed smoothly.
Purchasing a franchise allows an entrepreneur or existing business to operate a proven and established business model. In many cases, franchisees also receive support from the franchisor’s corporate office and may have special access to vendors and other resources. For these reasons, franchising can be substantially less risky than building a new business from the ground up.
But franchising also imposes many restrictions and financial obligations upon the purchaser. Franchise lawyers from Caulkins & Bruce thoroughly review disclosure documents and proposed franchise agreements with their clients to ensure their clients fully understand the rights and obligations inherent in purchasing a franchise. Their extensive knowledge of the franchise industry allows them to identify potential issues in franchise agreements and assist clients in the negotiation of contract terms.
For franchisees selling their business, there are many legal issues that a franchise attorney can help address. First, the sales contract must be negotiated with the buyer. Second, due to restrictions in the franchise agreements, there are often issues that need to be resolved with the franchisor to obtain approval of the sale. Caulkins & Bruce attorneys help with both.
The law firm of Caulkins & Bruce, PC primarily serves clients throughout Northern Virginia and Washington, DC. Our Arlington office is located near the Courthouse Metro Station. Our Leesburg office is located near the Loudoun County Circuit Court. The firm offers flexible scheduling by special arrangement. Call the office toll-free at 1-888-558-5799 or complete the online contact form to schedule an initial consultation to discuss your legal issue with an experienced attorney.
"Obtained a judgment for condominium association in excess of $1 million against developer of condominium in Fairfax County."
"Defended an officer of a government contractor in a case involving enforcement of a non-competition agreement."
"Defended and achieved favorable settlement of wrongful termination and discrimination claims brought in United States District Court for the Eastern District of Virginia."
"Served as outside counsel to several franchisors, prepared franchise agreements, franchise disclosure documents and state franchise registrations, and counseled franchisors regarding franchise compliance issues."