What does Southern Steer recommend the Franchisee retain for advice on leasing or purchasing a site?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
The Franchisor recommends that the Franchisee retain an experienced attorney to provide advice and counsel on the terms, conditions and economics of the legal and other documents required to lease or purchase the site for the Franchised Location.
Source: Item 22 — ITEM. 22 CONTRACTS (FDD pages 61–168)
What This Means (2025 FDD)
According to the 2025 Southern Steer Franchise Disclosure Document, Southern Steer recommends that franchisees seek the advice of an experienced attorney. This attorney should provide counsel on the terms, conditions, and economic implications of the legal documents required when leasing or purchasing a site for the franchised location.
This recommendation highlights the importance of understanding the legal and financial commitments involved in securing a location. Leasing or purchasing a site is a significant investment, and the terms of the lease or purchase agreement can have a substantial impact on the franchisee's business. An attorney can help the franchisee navigate complex legal language, negotiate favorable terms, and ensure that the agreement protects their interests.
While Southern Steer provides site selection criteria and reviews the franchisee's site information and lease or purchase agreement, this review is primarily to ensure compliance with the franchise agreement's terms and conditions. It does not constitute business, economic, legal, or real estate advice. Therefore, engaging an attorney is crucial for franchisees to make informed decisions and avoid potential pitfalls related to their site's lease or purchase.
This practice is common in the franchise industry, as franchisors typically focus on brand standards and operational consistency, while franchisees are responsible for the financial and legal aspects of their individual businesses. Seeking independent legal advice is a prudent step for any prospective franchisee to ensure they fully understand the obligations and risks associated with their investment.