One avenue you may wish to explore, as an established business, is franchising your business model.
Franchising is when a party (the franchisor) grants another party (the franchisee) the right to use its trademark, trade-name as well as certain business systems and processes, to produce and market a service according to certain specifications.
If you have a successful business model and wish to grow your brand, yet have reservations about doing so due to limitations on capital, time and man power then franchising maybe your solution.
Franchising is based around people buying in to a proven, already established, creditable business model. The franchisor will have operated for a number of years thus proving the business works and is worth investing by others.
The franchisee pays a one-time fee (for a fixed term) plus a percentage of sale revenue as royalty. In order to protect your ‘brand’ it is essential you provide the franchisee with manuals on how to conduct business in your name as well as provide template documents for good practice and consistency throughout your brand.
Walker Thomas Solicitors can advise and prepare the policies, procedures and templates you should have in place, and provide to your franchisee, when franchising your business.
Our Franchising services include:
Advising and drafting:
- Franchise Agreement
- Company Handbook
- Staff Handbook
- Employment Contract
- Service Contract
- Funding Agreement
- Terms & Conditions of Business
- Regulatory Advice (including data protection)
For a small monthly fee you can retain the services of Walker Thomas thus ensuring you have access to legal advice quickly should an issue arise.
Debt recovery services
We work with you to ensure that our fees are clear, transparent and affordable.
We will explore funding option with you.
Get in Touch
To speak to one of our specialist Franchise Lawyers call us on 020 8038 5188 or email us at firstname.lastname@example.org
Walker Thomas can provide robust advice and drafting at a reasonable fee.