OpenJurist

Franchise And Dealership Law Lawyers In Prospect Kentucky

Prospect is a city in far northeastern Jefferson and southwestern Oldham Counties in the U.S. state of Kentucky, along the Ohio River. The city is a suburb of Louisville, Kentucky. It one of few cities in Jefferson County to extend into another county. The population was 4,657 at the 2000 census. It is bordered by Oldham County to the northeast, the river to the west, and the Harrods Creek area to the southwest. U.S. Route 42 is the primary transportation artery running through the area. Prospect is the ninth wealthiest place in Kentucky, and the third wealthiest of places with a population over 1,000. It was first settled in the late 18th century, along with the rest of the area, and was agricultural until the construction of the Louisville, Harrods Creek and Westport Railroad in the 1870s. The area was originally known as Sand Hill, and the new self-promotional name emerged when it was time to choose a name for a post office around 1900. Although a few luxury residences existed in the area since the late 1800s, it was largely agricultural until the mid-1960s when large, high-end subdivisions were built in the area, most notably Hunting Creek, which included a golf course. Prospect incorporated as a city in 1974.

What is franchise and dealership law?

Franchising law involves helping new business owners evaluate franchising opportunities, and assist in the purchase and operation of business franchises -- an alternative to starting a new, independent business from scratch. Franchising allows businesses owners to reduce their investment risk by associating with an established company, but may also require business owners to relinquish significant control over their business.