When It Pays to Be Wary; EXPERTS WARN IT'S BEST TO GET LEGAL HELP BEFORE BUYING A FRANCHISE
Byline: LINDA WHITNEY
BEFORE you buy a franchise, take legal advice.' That's what the franchising experts say. But is it necessary, or is it just another way to make solicitors richer?
Certainly, you'll incur legal fees, but consulting a lawyer could also prevent you from making the most costly mistake of your life.
Taking out a franchise involves signing a contract that can be very difficult to get out of.
'We talk of buying a franchise,' says Geoffrey Stur-gess, franchising expert solicitor at Sherwin Oliver in Portsmouth, 'yet franchisees are not consumers in the eyes of the law but equal parties to a business contract.
'Our consumer …
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Publication information: Article title: When It Pays to Be Wary; EXPERTS WARN IT'S BEST TO GET LEGAL HELP BEFORE BUYING A FRANCHISE. Contributors: Not available. Newspaper title: Daily Mail (London). Publication date: November 17, 1997. Page number: 48. © 2007 Daily Mail. COPYRIGHT 1997 Gale Group.
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