If you’re considering buying a Samurai Sam’s® restaurant franchise, or any franchise for that matter, you will need to be able to understand your franchisor contract. Most franchise agreements contain numerous provisions that will directly affect how you will be running your business. Because buying a franchise is a major investment, you should consult with an experienced business law attorney.
THE VALUE OF HAVING A BUSINESS LAW ATTORNEY
It’s probably worth the cost to have a business law attorney review your franchisor contract with you. He or she can explain to you the various provisions, including what you can or cannot do according to your contract. This will help you remain in compliance with your contract and not in breach of your contract.
Your attorney can also help you:
- Negotiate terms and conditions of your franchise agreement
- Deal with changes and updates to your agreement, such as royalty fees
- Confront the possibility of the parent company selling your franchise because of low sales
Buying a Samurai Sam’s franchise is normally a painless process, but it’s always a good idea to consult with your business attorney before signing your contract to avoid any misunderstandings.
©2017 Kahala Franchising, L.L.C. All rights reserved. All other trademarks referenced are property of their respective owners. The information provided herein is for informational purposes only and is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise; nor is it directed to the residents of any particular jurisdiction within the U.S. or elsewhere. The following states currently regulate the offer and sale of franchises: CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA, and WI. If you are a resident of one of these states, or of a jurisdiction that has similar requirements, we will not offer you a franchise until we have completed the applicable registration or obtained the exemption from registration, and completed the applicable disclosure requirements. Regardless of what state you reside in, an offering can only be made by a franchise disclosure document.