Spadea Lignana’s CORE program for franchisors is a cost-effective and practical solution for the ongoing legal needs of franchisors, including but not limited to, FDD updates, state registrations and franchise agreement executions. Through a proprietary cloud-based system we can effectively and efficiently manage FDD Disclosures and Franchise Agreement executions for fair flat fee billed monthly.
As a client of the firm, you will get access to our unique custom software system that will show you at a glance where you can sell, where you can’t and where you may have specific state based restrictions such as a financial assurance requirement. The system also tracks the annual updates to your FDD. By using a system built around timely, accurate and transparent information, we have eliminated some of the normal headaches and stress associated with being a franchisor. Let us keep you organized while you go build your system!
The bedrock of all franchise systems are compliant and enforceable franchise agreements. Compliant and enforceable franchise agreements start with the delivery of the correct FDD. Spadea Lignana has built a proprietary online map system that allows franchisors to easily know where they can sell and where they can’t. The cornerstone of the program is an “ounce of prevention” mentality to prevent small problems from becoming big (and expensive) problems. Our goal, as your attorney, is to act as your trusted advisor and to keep your legal house in order.
Virtual Contract Vault
We will build a “virtual contract vault” that will house all signed franchise agreements, state registrations, legal correspondence, trademarks, etc. In addition to building and maintaining the “virtual contract vault” we will setup processes to maintain compliance, ensure properly executed franchise agreements and cross the t’s and dot the i’s on your legal contracts. A franchise system is a series of contracts promising future cash flow. The strength of those contracts is directly proportional to the strength and consistency of each and every contract that is executed. When a crisis arises, it is often too late to fix a latent defect in your legal files. Let’s fix them now, while the sun is shining.
We will set up custom email templates for you to use that will handle the proper delivery of the FDD through to a formally executed franchise agreement. When your system has grown to dozens, hundreds or even a thousand locations, you will be in a strong position to harvest the system and maximize its value. Private equity buyers of franchise systems will not pay top dollar for systems built on sloppy contracts. Said another way, Private equity buyers of franchise systems will pay much higher multiples for systems with traceable, complete and compliant contracts.