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 of capital, time and man power franchising maybe your solution.
Franchising is based around people buying in to a proven, already established and 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 Rose 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 of:
- Franchise Agreements
- Company handbook
- Staff handbooks
- Employment contract
- Service contracts
- Funding agreements
- Terms & conditions of business
- Regulatory advice (including data protection)
Walker Rose Solicitors provides astute legal advice and the drafting of legal agreements, polices and documents to address your immediate and on-going business needs.
We can assist, negotiate and draft agreement terms with the co-founders, investors, employees, suppliers and customers.
We can assist whether you are a new start-up or an established business. We work for you to design ‘best practice’ doctrines ensuring and securing a smooth running and efficient workplace.
Walker Rose Solicitors provide sensible commercial legal advice and draft the agreements you need in place to reduce areas of dispute or at least provide a mechanism for the parties to resolve a dispute. We can help you grow and evolve safe in the knowledge that you, your business and your brand are protected and stand on a strong legal ground to move forward.
Our advice is always precise, resilient and affordable.
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Our mission is to provide businesses, and their owners, with quality legal assistance in the most cost effective way.