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The importance of correct legal advice

When undertaking a big investment you need to make sure you have the correct legal advice and support in place before you start...

When undertaking a big investment you need to make sure you have the correct legal advice and support in place before you start – you would never sell or buy a house without legal representation, so why would you set up a business without any?

The franchise industry has a lot of documentation that helps to protect both the franchisee and the franchisor during a working relationship together, so it is important to instruct a qualified representative, ideally with some experience within franchising.

Most solicitors firms have a representative with specific knowledge of the industry, if not they will be able to refer you to one. Another route to finding the right person to advise you could be your bank. The majority of the big banks in the UK have franchising departments who loan to potential franchisees. They will have a number of trusted relationships with solicitors that they will probably not mind recommending.

The legal costs surrounding setting up a franchise can vary, but generally as an investment are really rather low.

If you would like to investigate setting up a franchise or discussing anything further please do not hesitate to contact James Campbell (New Franchising Executive) at jcampbell@winkworth.com or on 020 7355 0200.

Learn more about franchising with articles, tips and advice on taking the next step in franchising: www.winkworth.co.uk/estate-agent-franchise

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