A franchise lawyer cost can fluctuate based on factors such as the lawyer’s experience, location, and the complexity of the case.
On average, franchise lawyers charge between $300 and $450 per hour.
However, in the specialized field of franchising, some attorneys may charge as much as $800 per hour.
What is a Franchise Lawyer?
Franchise lawyers, also known as franchise attorneys, assist franchised companies and buyers in making informed decisions when entering agreements.
These attorneys undergo specialized legal training, covering topics such as corporate law, business law, corporate taxation, and more.
After passing the bar exam and obtaining licensure, they provide expert guidance in franchising, including document drafting, legal matters, and compliance with regulations.
How to Choose a Good Franchise Lawyer
With numerous franchise attorneys available, consider these factors to choose the right one for your needs:
- Experience: Prioritize experienced attorneys who have worked with franchises. Ask about their membership in associations, awards, testimonials, and familiarity with franchise law.
- Fees: Franchise lawyers typically charge hourly rates. For quick legal advice, look for those offering flat fees. Seek transparent cost information and compare quotes from reputable attorneys.
- Inquiries: Ask questions about their expertise in litigation, arbitration, mediation, your industry, and more. Inquire about the possibility of a free consultation to address your specific needs.
How Much Do Franchise Lawyers Charge
Hourly Rate
Hourly rate works as a pay-as-you-go arrangement where you’re charged for the attorney’s time spent on your franchise matters.
Law firms provide competitive hourly rates, lower than larger firms, and our attorneys specialize in franchise agreement negotiations and complex franchise litigation.
Flat Fee Rate
Flat fee billing is gaining popularity for contract drafting, including franchise agreements.
Attorneys quote clients a fixed fee for the entire project. This approach provides transparency in legal costs, but clients must clarify what’s included, as it may not cover additional services like consultations.
On average, ContractsCounsel’s marketplace data indicates a flat fee rate of $670.00 for a franchise agreement.