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Taft attorneys have in depth expertise franchising companies
in a variety of industries. We work with purchasers to take
companies by means of the steps to arrange correct franchises, offering
the very best alternative for fulfillment.
The Challenge
There are a number of vital steps a enterprise ought to take when
contemplating franchising. The enterprise first must be evaluated
to make sure every little thing is structured appropriately for the franchising
course of. An organization should then put together a Franchise Disclosure
Document (FDD), an intensive and sophisticated authorized doc
required for the franchise operation.
A key element of the FDD is the operations handbook, the
basis of a franchise. The operations handbook incorporates the
specs, requirements, and procedures for the franchise to
function. It is vital to have one that’s nicely-written with
clearly outlined requirements and insurance policies. Due to its’ in depth
preparation time and important significance, an operations handbook
may be costly to arrange.
Taft in Action
In collaboration with Taft’s Franchise attorneys, the
agency’s Information Technology and Innovation groups created a
software program answer to gather the data wanted to draft an
operations handbook.
This platform permits the consumer to enter information and paperwork into
a safe database. Then, the proprietary software program inputs the
info and assists in making a custom-made operations handbook
that’s distinctive to the consumer’s enterprise, proprietary and
legally protected. It can be in a position to be additional custom-made and
tweaked to account for the evolving wants of the consumer and
enterprise. Ultimately, it’s software program that aids the attorneys in
creating a strong and legally protected doc that can be
versatile sufficient to account for future progress because the enterprise
matures.
Results and Impact
Through collaboration and an progressive answer, Taft was ready
to streamline and automate a consumer service providing that has
resulted in important value and time financial savings.
Learn extra about Taft’s Franchise Advance Program right here.
The content material of this text is meant to offer a common
information to the subject material. Specialist recommendation needs to be sought
about your particular circumstances.
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