In Business ‘For yourself not by yourself’. A strong economy, high employment and rising confidence levels are breeding a generation of Irish entrepreneurs. Get Orna Stokes, Head of Franchising at Ulster Bank Business Banking tips on franchising here.
Now, answer this:
Would you invest €100,000 in property such as a building without getting a lawyer to check things out for you? ‘Definitely not!’ So why risk your franchise investment without getting an experienced franchise and Intellectual Property Lawyer to check things out for you? Surprising though it may seem, a lot do, apparently to save money. Usually, they pay lawyers a lot more later on. The value of a franchise lies in the intellectual property of the franchise system: the trademark(s), the registered designs, the patents, the know-how, the copyrighted materials, the Franchisor’s contractual commitments to you etc. An experienced Franchise and Intellectual Property Lawyer/Trademark Agent will be able to check these for you, and advise in relation to the issues. So take care, take advice!
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