11,000+ Subway® franchisees across North America have a reason to breathe easier. That’s because the North American Association of Subway® Franchisees (NAASF) just partnered with LegalShield.
Headquartered in Ada, Oklahoma, LegalShield develops and markets pre-paid legal services for individuals and small businesses across the U.S. and Canada. And, now, franchising.
This new partnership gives NAASF members across North America the ability to protect their businesses, themselves, and their employees, when facing legal issues.
From a Press Release:
“Subway® franchisees that enroll in LegalShield’s small business plan will have access to LegalShield provider attorneys qualified to offer legal counsel and support on the issues affecting their businesses the most, including: contract review, hiring and firing, document review, debt collection assistance and much more. By eliminating the cost barriers associated with obtaining legal counsel, LegalShield’s small business plan ensures that the 47,000 currently enrolled members have access to the legal support they need to protect and grow their business.”
Pre-Paid Legal Services And Franchising
Personally, I like this idea, and I have a feeling that more franchisee associations will start exploring this option.
Think about it: If a group of like-minded franchisees can all band together and come up with a reasonably-priced way to deal with the legal issues that are occasionally part of franchise ownership, it could be a win-win.
There’s only one negative that I see-so far.
LegalShield is a Multi-Level Marketing company.
And, you know how I feel about MLM. The Network Marketing business model is so not franchising.
Face it: MLM companies have been known to come and go. They don’t exactly have terrific reputations. And, since this one has to do with the law, I’m not 100% sold on having a MLM company being the provider of legal services.
Call me paranoid. Go ahead.
The NAASF Is Big
A franchise association with over 11,000 members is a big association. So, I would imagine that they thoroughly vetted this pre-paid legal services provider.
If this works well…if this group of Subway® franchisees is able to secure legal aid on demand-and for a very reasonable price, it’s going to be great news for franchisees everywhere. (Especially the ones that are in franchisee associations.)
It’s about making a commitment. And, it’s something that the NAASF just did.
“For more than 13 years, NAASF has invested significantly in helping Subway® franchisees advance their businesses,” said David Tennyson, Chairman, NAASF. “Our partnership with LegalShield is a demonstration of our commitment to enhancing the Subway® brand by providing our members with new and exciting tools to drive growth and profitability.”
What do you think of this idea?
Will this marriage of pre-paid legal services and franchising work?
Improve Your Franchise IQ With These Recommended Articles:
How to Use a Franchise Opportunity Website
The 10 Commandments of Franchise Research
What You Need To Know About Franchise Consultants/Brokers