When the bulky franchising documents start coming your way, instead of feeling intimidated, look on this phase as part of your basic training in becoming a franchise owner.

August 3, 2011 by  
Filed under Franchise Articles

When the many franchising documents that you must review begin to flood your mailbox, don’t give in to the impulse to hide under the bed.  First of all, the franchising company is not trying to scare you out of your wits with those huge franchising documents full of legal statements of everything from the money you have to pay to how hard you are going to have to work. In fact, the franchising company has to send you all of that franchise information because if they don’t, they are going to be in hot water with franchise law.

When you sit down to sort out the massive amount of detail that comes flying at you in those franchising documents, the divide and conquer method is a smart plan. A good example is the franchise disclosure document which may be so bulky that you have to carry it in two hands for fear of dropping it and breaking a toe.  It is huge for good reasons. By law the franchising company has to disclose every tiny detail about themselves and about what will happen every step of the way on your grand adventure into buying a franchise from them.

This is not light reading. But you should gather your courage and face your fears when it comes to reading that disclosure document or the many other kinds of franchising documents that will come your way.  Overwhelmingly franchising documents must be prepared with you in mind.  That means two things that should cheer you up.  First it means that when you sink your teeth into franchising documents, you will find that franchise law is on your side.  So while those franchising documents are massive, they are your best friends in getting ready for buying that franchise.

On the job training in franchising document form.

The second happy news is that it is the law that franchising documents should be written so you can understand them.  They are not going to be a bunch of legal gibberish that only an overpaid lawyer will understand. They will make sense to you once you get a cup of coffee and sit down to take it all in.  So take your time and dive in head first.  You may like what you find.

Look on the time you have to invest in reading those big franchising documents as a type of on the job training. If you ever thought that it would be great if you could break into the franchising company’s offices and read their secrets, put away your burglars mask and flashlight.  It is all there in those franchising documents and it is being given to you without cost and without you having to break the law.

Even though franchising documents are intended to be understandable to the average Joe or Jane who is interested in buying a franchise, do not be afraid to have your own franchise lawyer look them over.  You have that right and a franchise lawyer who has your back may find areas for you to question before you plop down your hard earned money to buy that franchise. So be nosey and insist that you understand everything in those franchise documents and that it all is what you like. If you do that, you will sail into that franchise relationship ready to take on this big adventure and turn it into a massive success that will fulfill you dreams and make that franchising company pretty happy as well.