Buy A Franchise

I Am Buying A Franchise

If you are buying a franchise business or renewing your franchise agreement you want to get it right. Mistakes can be costly.

We understand the things that make the difference.

Before you buy a franchise, you will need to consider many factors including:

  • whether a franchise is the right fit for you;
  • whether the franchise you are considering is the right fit for you;
  • what business structure best suits your financial needs;
  • what is the length of the franchise and/or any lease;
  • what financial advice have you obtained and what has this advice been based on;
  • is the proposed franchise system a proven brand;
  • is the proposed franchise business a proven business or is it a new business;
  • what are the risks if the business doesn’t work;
  • what financial reward will you receive if you build the business;
  • your legal and commercial risks.

We can review your Franchise Agreement

It is important that you have an experienced franchise lawyer look over your franchise documents and advise you of any legal and commercial risks. An experienced franchise lawyer will also advise you of terms and conditions that are standard in the franchise industry.

We will review your franchise agreement considering:

  • whether the franchise agreement reflects usual commercial practice;
  • whether the franchise agreement reflects the agreement reached between you and the franchisor;
  • whether there is anything unusual or unenforceable contained in the franchise agreement.

We will provide you with plain English legal and commercial advice about:

  • the terms of the franchise agreement (including any unusual or unfair terms);
  • the legal consequences of signing the franchise agreement in its current form (including the legal consequences of signing any acknowledgments or waivers);
  • what your rights are on termination or expiry;
  • general protections under the Franchising Code of Conduct.

Contact us to ask about our fixed price packages to review a franchise agreement and provide advice about buying a franchise.

Let us use our experience and expertise to assist you

 

What we can do to help you when buying a franchise business

Assist with your Business Structure

We will work with you to develop the appropriate structure and system to support your business strategy. This may involve setting up a structure to start operating the business and transitioning to another structure as the business grows. We have … Continue reading

Review your Lease or Property Licence

A commercial or retail lease is an agreement that sets out the rights and obligations of landlords and tenants. The lease will include provisions about: the duration of the lease, any rights of renewal, any rights of assignment, the amount of rent … Continue reading

Review your Franchise Agreement

A franchise agreement is the document that sets out what is required by you and the franchisor in any situation that may arise during the course of the franchise relationship. It is important that you have an experienced franchise lawyer … Continue reading

Review your Sale and Purchase Deed

We can assist you with the sale or purchase of any commercial business, including a business that is being purchased or sold subject to a franchise. If you are selling a business we can assist you to negotiate the sale … Continue reading

Franchise Information

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