Buying
a Franchise
The Uniform Franchise Offering Circular
(UFOC)
The Federal Trade Commission requires that all franchisors
provide potential purchasers with a disclosure document about their background
and finances, the business model and the anticipated relationship. You and your
attorney should carefully read and consider the UFOC before you purchase a franchise.
However, keep in mind that it is the franchise agreement, not the UFOC, which
will govern the terms of your contractual relationship with the franchisor.
The Franchise Agreement
Almost every franchise agreement provides that it represents
the entire agreement between the parties and that it supersedes all other promises,
representations, or descriptions, including any set forth in the UFOC. To the
greatest extent possible, you want to make sure that the franchise agreement
allows for a reasonable return on your investment and the protection of your
assets.
How
Valas & Associates, P.C. can help
Most franchise agreements are long, complicated and difficult
to understand. Valas & Associates, P.C. will review the UFOC and franchise
agreement and provide you with our analysis. Valas & Associates, P.C. may
also propose changes to the franchise agreement that can better protect your investment
and likely save you money and frustration in the long run.
Rory Valas and his firm have made it their business
to see that you, the franchisee, have a better understanding of the agreements
before signing and that you obtain the best deal that you can.
Contact Valas & Associates,
P.C. for a free initial consultation or to receive a complimentary copy
of Attorney Valas’ report, “Leading Concerns When Purchasing a Franchise.”
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