Franchise

The use of the franchise business structure is becoming increasingly common. A franchise has the advantage of an established brand, with known products and/or services and procedures. The franchise as a whole may have increased buying power and the entire franchise has the benefit of shared advertising. Entering into a franchise structure can, however, be quite complex.

Our Franchise Lawyers Sydney and NSW are experienced in acting for both franchisors and franchisees. With offices in Sydney CBD, Chatswood, Sutherland and Wollongong, we are conveniently located to assist you with all your franchising needs.

Franchisors

Prospective franchisors must formulate an appropriate business model and implement systems regarding education/training of franchisees, tenure of franchise sites (whether to be controlled by the franchisee or franchisor), advertising and supply of products to the franchisees.

Prime Lawyers can assist franchisors comply with the Franchising Code of Conduct and ensure the provision of proper written disclosure to prospective franchisees, entry into complying franchise agreements and supplementary contracts (including, for example, leases and subleases or licences to occupy premises).

Franchisees

Entering into a franchise is a complicated matter for a small business owner. Location, staffing, cashflow and finance are just some of the many issues a prospective franchisee must address. In addition, the prospective franchisee is then provided with detailed, complex franchise documents by the franchisor; documents which must be properly considered and executed before the franchised business can commence. It is important to obtain comprehensive advice from an experienced lawyer in these matters especially terms relating to how long the agreement lasts, what is included, including exclusive territory and what happens at the end of the franchise agreement.

If you are a new or existing franchisor or are about to buy into a franchise then our Franchise Lawyers Sydney and NSW can assist. Please feel free to contact us to find out more.