As a franchise lawyer, I hear this question all the time. My answer is fairly standard: “I have no idea.” And it’s true, I don’t. I’ve helped clients review hundreds of concepts in the past 17 years, from dog waste pick up to large medical facilities and daycares, and one size does not fit all. As with any opportunity, some people are more qualified than others. Skill sets vary with each individual, all of whom bring to the table different tolerances, goals and work ethics. So as an attorney, I can’t help you find the most profitable franchise.
However, I can help you determine whether or not a particular franchise makes sense from a legal perspective. While this may not seem as juicy as finding the next trendy business, I can assure you it’s equally important. Knowledge is power, as the saying goes. So if you are considering a franchise, be sure to seek franchise counsel to assist. Failure to understand the risks and address them early on can turn a seemingly good opportunity, into a surprisingly bad deal.
If you have any questions about franchise law, please contact Brian Loffredo at
ABOUT BRIAN LOFFREDO
Brian is a commercial litigator with more than seventeen years of experience representing clients in the franchise industry. Brian routinely assists clients during the licensing and franchise/FDD review process, as well as with the resolution of franchise-related disputes, including those involving terminations, territorial disputes, fraud, disclosure/relationship law violations and breaches of contract.
In addition, Brian represents and counsels clients in the construction industry on matters involving litigation, construction defects, licensing and compliance, collections, mechanic’s liens, payment bond and Miller Act claims, contract drafting, and compliance with home improvement laws and other construction industry laws.
Brian also has extensive experience representing financial institutions with workouts, collections and residential / commercial foreclosures.
ABOUT OFFIT KURMAN
Offit Kurman is one of the fastest-growing, full-service law firms in the Mid-Atlantic region. With over 140 attorneys offering a comprehensive range of services in virtually every legal category, the firm is well positioned to meet the needs of dynamic businesses and the people who own and operate them. Our eleven offices serve individual and corporate clients in the Virginia, Washington, DC, Maryland, Delaware, Pennsylvania, New Jersey, and New York City regions. At Offit Kurman, we are our clients’ most trusted legal advisors, professionals who help maximize and protect business value and personal wealth. In every interaction, we consistently maintain our clients’ confidence by remaining focused on furthering their objectives and achieving their goals in an efficient manner. Trust, knowledge, confidence—in a partner, that’s perfect.
You can connect with Offit Kurman via our Blog, Facebook, Twitter, Google+, YouTube, and LinkedIn pages. You can also sign up to receive Law Matters, Offit Kurman’s monthly newsletter covering a diverse selection of legal and corporate thought leadership content.
MARYLAND | PENNSYLVANIA | VIRGINIA| NEW JERSEY | NEW YORK | DELAWARE | WASHINGTON, DC