Franchise Agreement Review
- Have you found a franchise you want to purchase but need some help negotiating?
- Received a Breach Notice and afraid to lose your business?
- What should you expect from your Franchisor?
Are you looking to buy a franchise but don’t know where to start? Do you need a specialist franchising lawyer to guide you through the franchise agreement review? There is no doubt that the journey into franchising can be a very exciting and rewarding experience but the legal documentation can also be quite daunting for any prospective franchisee. For many franchisees, a Franchise Agreement will be the most important document that they enter into in their lives. It forms the basis of the relationship between the franchisor and franchisee and sets out each party’s rights and obligations for the term of the agreement and beyond. Franchisors must also provide their Disclosure Document designed to give the franchisee all the information they need in order to make an informed decision prior to joining the network. The Franchising Code of Conduct requires the franchisor to provide specific information in relation to the operation of, and all costs associated with, the business and disclosure of any material relevant information pertaining to the franchisor and its officers. It must also provide a list of other franchisees in the network, details of any litigation against the franchisor, and information relating to the Intellectual Property.
At Baybridge, we know that you will be wanting to “get it right” from the outset and we have the experience and expertise to guide you through the documentation and help to give you the confidence and comfort you need to make an informed business decision. Having worked directly in the franchise industry for many years we understand the subtleties to look out for, in terms of the benefits and risks to consider before purchasing a franchise. We have assisted many franchisees across the country negotiate the best deal possible and advise them of their obligations under the applicable documents. In fact some of our franchisee clients have built considerable wealth and businesses over the years and in some cases transitioned to being a franchisor. In addition to the front end representation we have also been successful in assisting franchisees resolve disputes with the franchisor either via mediation or in the Courts. Our highly experienced litigation and dispute team are sought after by many where things become difficult between the franchisee and franchisor. We keep our clients informed of the costs during the process and ensure they are comfortable throughout the process. We have been trusted advisors to many successful outcomes for our franchisee clients.
Let us assist. Clear, Expert, Personal Help. Get in touch today!
Why our clients choose us?
- Unsure of the difference between a licence and franchise agreement?
- Are you aware of your full options in respect to franchising your business?
- Have you been told your business is a franchise but don’t know where to start?
- Are all your assets and liabilities held under the one company?
- Is another business using your brand?
- Do you own a registered Trade Mark Certificate?
- Have you be given an opportunity to buy a business but don’t know what to do?