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.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.
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