Buying a franchise business
Buying a business is an important decision but, when buying a franchise, it is all the more important for you to understand all your risks and obligations.
We can assist you by reviewing the Franchise Agreement and Disclosure Document and providing practical, commercial legal advice in relation to:
We can also assist by reviewing and negotiating the sale of business agreement, the premises lease and deed of assignment of lease.
Selling a franchise business
Selling a franchise is different to selling a ‘standard’ business.
Your franchisor will have an established process for selling a business within the franchise and the obligations for the sale will vary by franchise. We can review the Franchise Agreement and Disclosure Document and providing practical, expert legal advice in relation to:
We can also assist by preparing and negotiating the sale of business agreement and assignment of lease.
Franchising your business
Complying with the Franchising Code of Conduct (the Code) is mandatory. It is enforced by the Australian Competition and Consumer Commission and the penalties for breaching the Code are quite severe.
The Franchising Code of Conduct outlines the rights and responsibilities of franchisors to franchisees including particular requirements for disclosure of information, the provision of a cooling-off period, and unconscionable conduct.
We help business owners set up new franchise systems including: