Legal Question in Business Law in Georgia

Re: holding time on franchise agreements

I agree with Scott and Glenn regarding the timeline. Also, as Scott suggested, it makes sense for you to get this agreement reviewed. I am in the middle of reviewing an franchise agreement now, and if my client had signed it as is, he never would have made a profit with the franchise and would have put up his personal assets to satisfy the inevitable failure of his business.

The foregoing is general information only, not specific legal advice. No attorney/client relationship has been created or should be implied.

Re: holding time on franchise agreements

The terms of the execution are set out by the franchisor/agreement. There is no law in Georgia that governs whether business or calendar days are used but typically it is calendar days (which include weekends) unless it states business days (which sometimes include Saturdays). Again, no law requires a notarized signature if you are simply signing the franchise agreement.

If you would like to discuss any issues further, please feel free to contact my office. My contact information is below. Thank you.

The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.

Re: holding time on franchise agreements

Days usually means just that -- days. However, beyond that, if you have questions about the substance of the agreement or your signature, you really need to have it reviewed. It would be very dangerous to enter into any franchise agreement without having it reviewed, especially with an out-of-state party. Where are disputes settled? (one of many important questions).