The quality of the people you work and do business with is more important than the contract.Most people looking at a franchise are spending a lot of money. The cost of a lawyer for many is a major issue.
I don't know, because I have never tried it, but the cost to read a 50 page, pedantic contract would be in the thousands, not hundreds.
However, to prove your point, 100%, I sped read a contract on my own, many years ago. I got most of it, except one clause...a doozie .
It said roughly:
The management can change any of the terms of this contract at a weeks notice.
So in other words the contract was toilet paper. This was, and still is, a major NZ company.
Like I said I don't know how much a lawyer would have cost me, because I was already spending over $50000 to get into the business. Over three years in that business I made absolutely nothing...I was down $50000 when I left although I paid the rent and living expenses along the way.
Could I guarantee 100% he would have found that clause? Absolutely not.
I am very experienced in reading legal documents but the sentence was hidden in a section full of irrelevant content, deliberately designed to be missed.
and further...ladies and jellybeans...the punchline is the clause actually cost me nothing...because I lost the money from fraud...total fraud. They ripped me off while actually breaching the contract anyway.
What I should have done was get an ACA accountant. I got conned into using a book keeper that was on the take from the company.
Also, contracts in NZ are toilet paper. I had reams of documents that showed this company was guilty of theft. They have been doing it for years, and probably still are. So much for contracts.
Understand the business fundamentals and then the technical details of the contract is only really important if it all turns to shit.
eg - if you keep out of jail, you don’t ever need to worry about dropping the soap...