2 legal questions have been posted about franchise law by real users in North Carolina. Ask your question and dive into the knowledge of attorneys who handle your issue regularly. All topics and other states can be accessed in the dropdowns below.
North Carolina Franchise Law Questions & Legal Answers
Do you have any North Carolina Franchise Law questions and need some legal advice or guidance? Ask a Lawyer to get an answer or read through our 2 previously answered North Carolina Franchise Law questions.
Answered 13 years and 4 months ago by Mr. Andrew Lee Ainsa (Unclaimed Profile) |
1 Answer
A franchisor must deliver to a prospective franchisee its current Franchise Disclosure Document at least 14 days before the franchisee signs any agreement with the franchisor or pays the franchisor any money. Most franchisors have a pre-sale process that you must go through before most franchisor delivers the FDD to you. Once you get the FDD, the 14-day period is only a minimum period of time. You will want to review it, retain a franchise attorney to review it and negotiate changes, retain an accountant, prepare a business plan, line up your financing if necessary, and perform your due diligence including visiting as many operating franchised businesses as you can. This can be lengthy process but the franchisor should be assisting you with it. ... Read More
A franchisor must deliver to a prospective franchisee its current Franchise Disclosure Document at least 14 days before the franchisee signs any... Read More