Few commercial relationships require the rigorous documentation demanded by a franchise or license agreement. To ensure every franchisee has identical essential systems and rules, the guiding documentation must beresolute. On the other hand, if you are buying a franchise, you want to get what you have been promised. Come and talk to us if you are considering entering a business either as a franchisor or a franchisee.
At P&B Law we ensure you ask the right questions and provide you with the correct advice to get your business off to the best start. Please contact us to get professional advice if you have any questions regarding franchising and licensing.
As a franchisor, you are granting someone a right to carry on a business using a system that you own or are entitled to license. The franchising industry is regulated by the Trade Practices Act and the Franchising Code of Conduct. A properly drafted Franchise Agreement will be prepared after detailed discussions with you are undertaken to understand your business model, intellectual property and commercial agreements necessary for the operation of your franchise. Contact us now.
As a franchisee, you are buying from someone a right to carry on a business using a system that they own or are entitled to license. Franchises carry many of the business risks that exist to any business person. You must consult a properly qualified legal professional before signing a franchise agreement. Contact us now.