The basic premise of a franchise agreement is that the franchisor who has invested time and capital in creating and developing a brand continues to own all the intellectual property and will prescribe certain operational standards based on which the franchised business is required to operate. As there is currently no law specifically regulating franchising in the UK, getting a franchise agreement right is critical.
At MKB Law, we advise both ambitious franchisors looking to expand their brand and networks, and also aspiring franchisees looking to capitalise on an already established brand and market. Our Property Team can also advise on all property related matters in your franchise venture.
Our specific areas of focus include:
Initial setup of the franchise package to include drafting a franchise agreement and reviewing the operational manual
All commercial property related matters (to include commercial lease)
Licensing, to include liquor licence