Hallmark Solicitors are excited to inform our clients and contacts of recent developments in the Franchising Sector.
Both Natwest & Lloyds TSB have launched a new £100 million investment fund to help new franchises.
This new fund is expected to create up to 1,800 new franchise businesses and 24,000 new jobs in the UK.
This funding will make life easier for new franchises in the UK by providing between £25,000 and £500,000 per company.
It goes without saying that this is a good time to consider franchising your business or becoming a franchise owner.
Why Franchise your Business
If you already own a business franchising can be an excellent strategy.
Through franchising many businesses have found that they are able to compete more effectively in the market place by harnessing the resources and enthusiasm of motivated franchisees. Many of these businesses have managed to go on to become market names.
It must however, be pointed out that the road to effectively and ethically franchising should seldom be travelled alone. A number of questions must be asked and answered.
Amongst others are the question of Legal requirements and documentation of a franchising business, such as:
- Legal Structure
- Protection of Intellectual Property
- Protection of the Principal Business
- Documentation governing the relationship between the Franchisor and Franchisees
How we can help
At Hallmark we have many years experience in assisting both franchisors and franchisees to develop suitable strategies to ensure long term success and allow them to commerce operations secure in the knowledge that all legal aspects of their ventures have been professionally and successfully resolved.
If you are thinking of franchising your business or thinking of buying into a franchise, then please get in touch to see if we can help.
Hallmark Solicitors
