Franchise Law

Buying or selling a franchise or business opportunity is a very important decision that should be handled with caution. Our firm focuses in helping small business owners understand the steps into acquiring or selling a franchise or business opportunity.

If you are buying a franchise or business opportunity, we can assist you with the Due Diligence process to ensure that the business that you are acquiring does not come with unexpected surprises.

We’ll also draft a comprehensive Asset Purchase Agreement or Stock Purchase Agreement that incorporates the terms of your business acquisition. If you are taking a promissory note from the owner to finance the business, we’ll prepare the Promissory Note and Security Agreement to ensure that only the assets that you pledged are part of the collateral.

If you are the seller, we can help you with the screening process of potential buyers by providing a non-disclosure agreement prior to you releasing any sensitive financial information about your business to others. Furthermore, we’ll prepare the Letter of Intent and serve as your Escrow Agent to hold the buyer’s funds while they complete the Due Diligence process. Once this process is completed, we’ll prepare the closing documents (Asset Purchase Agreement, Bill of Sale, Assignments, etc) and coordinate the closing with the buyer.

Our goal is to make the selling or buying process as hassle free as possible. We also work with Business Brokers in representing buyers or sellers in the transaction.

To discuss your possible sale or acquisition of your franchise contact us today.