Franchise Agreements and Representation
Franchises are formed to license business plans, trade dress, and trade secrets, among other things, in exchange for a license fee or royalty paid by the franchisee to the franchisor. Attorneys at Teague & Chambless, LLLP represent franchisors and franchisees in contracts and disputes that relate to license agreements, trademarks and trade dress, and other issues. In addition to their other areas of experience, Teague & Chambless, LLLP attorneys have specific experience in advising franchising businesses, and also in litigating disputes between competing businesses and franchisees. Attorneys at the firm has advised businesses that have formed in competition to existing franchisees as well as business owners seeking to license their business concept to buyers of independent locations in particular territories.
In order to franchise a business idea, businesses need to consider a myriad of legal issues that affect their future plans. Franchisors require control over their trade dress, trade secrets, and business plans to preserve the business concept that they have made successful.
Moreover, in today's business environment, franchise agreements and franchise relations exist in the context of the internet, cloud computing, and website and social media marketing. Business counselors must constantly assess technology needs of clients in order to service their changing needs. Technology that affects business, marketing, trade secrets and contracts is constantly changing at a rapid rate. Teague & Chambless, LLLP places an emphasis on technology, computers, and the internet in relation to business representation so that it can understand the current business environment. The small size of the firm makes it possible for it to implement technology quicker and more efficiently than larger law firms.
