Veterinarian malpractice lawsuits aren't common because the measure of damages for the loss of a pet in most states is the market value of the pet. The restriction against the corporate practice of medicine is the most important law regarding the franchising of a veterinary practice. The ban on the corporate practice of medicine means that non-licensed persons and corporations may not own or control a health care practice.
As experienced franchise lawyers, Mulcahy LLP can help determine whether owning a pet/veterinary franchise is the right fit for you. We have the knowledge needed to help clients identify the risks involved in buying a franchise. We can also provide clients with comprehensive legal guidance throughout their business endeavor. When franchisees are ready to sell their business or want to get out of a franchise contract, we can facilitate the sale or initiate discussions with the franchiser.
Corporate practice of medicine directly affects three fundamental elements of a franchise:
- Control – the franchisee uses the franchised business system, and is subject to franchisor’s control.
- Fees – the franchisee pays fees to the franchisor
- Trademark – the franchisee uses the franchisor’s trademark.
Pet/veterinary franchises are a profitable and stable business. You will provide consumers with a convenient and sought-after service. If you interested in learning more about owning and operating a pet/veterinary franchise, contact us to schedule a consultation.