Becoming a franchisee is exciting, and guiding your franchise on the path to success can be the ride of a lifetime. However, issues sometimes arise, and you’ll need to have a competent Arkansas franchise lawyer in your corner when they do. Contact FortmanSpann, LLC today so we can get started working on your case.
Franchise Lawyer | Proudly Representing Franchisees in the State of Arkansas
Franchisees deserve strong legal advocates in their corner who will effectively defend their interests at every turn. Fortunately, you are in the right place. FortmanSpann, LLC handles a broad range of franchise-related matters on behalf of our franchisee clients, including the following:
Starting Your Franchise in Arkansas
If you want to become a franchisee in Arkansas, you should know that the state has a law called the Arkansas Franchise Practices Act that protects your rights and interests in the franchise relationship. The law applies to franchises that were entered into, renewed, or transferred after March 4, 1977, and that are not subject to the federal FTC Rule, which regulates the disclosure and registration of franchises nationwide. The law prohibits franchisors from terminating, canceling, or failing to renew your franchise without good cause, and gives you the right to repurchase your inventory, supplies, equipment, and fixtures at fair market value if your franchise is terminated or not renewed.
The Arkansas Franchise Practices Act also prohibits franchisors from engaging in unfair or deceptive practices, such as coercing you to buy goods or services from them or their affiliates, discriminating among franchisees, or requiring you to waive your rights under the law. The law grants you the right to sue your franchisor for damages, injunctive relief, attorney fees, and costs if they violate the law. You can also file a complaint with the Arkansas Attorney General, who can investigate and prosecute misleading and fraudulent schemes in franchising.
The Arkansas Franchise Practices Act does not require you to register your franchise agreement or disclosure document with any state agency before offering or selling a franchise in Arkansas. However, you still need to comply with the federal FTC Rule and provide a copy of your Franchise Disclosure Document (FDD) to prospective franchisees at least 14 days before they sign any agreement or pay any fee.
Contact Our Firm Today
Contact FortmanSpann, LLC today so you can tell us your needs and so we can begin working on making your goals a reality.