Franchising has become a well-respected system of expanding an existing business, or starting a business with the benefit of an existing brand reputation and a management system.
Whether you’re considering buying a franchise opportunity or you’d like sell franchises for your own business, it’s important to have an experienced commercial lawyer on your side to provide you with advice, and to draft or review the necessary documentation including the franchise agreement and the franchise code of conduct.
Selling a Franchise
Becoming a franchisor yourself can produce a lot of benefits. When you’re selling a franchise it’s important for you to be able to protect the public image you’ve worked hard to create.
We can help protect this through documentation like the Franchise Code of Conduct, which sets out the rules and practices that Franchisees need to adhere to in the management of the business, and the Franchise Agreement which protects your business and includes renewal terms, termination provisions, length of agreement and the obligations and responsibilities of both the franchisor and franchisee.
Learn more about the steps you will need to take to prepare your business for franchising.
Buying a Franchise
Buying a franchise is a great way to benefit from an existing and working business plan, an established product, reputation and marketing system.
Our Franchising lawyers can go over the legal documents for the sale and help you in a number of areas throughout the process, including advising you on what you’re entitled to and what the Code of Conduct requires of you in the day to day operation of the business.
For more information about the legal requirements surrounding franchising please contact our experienced business lawyers on the Gold Coast or in Sydney, or read through our detailed Franchising FAQs.