Are you getting the best franchise deal?

When pursuing a franchise opportunity, many franchisees are overwhelmed by the amount of paperwork involved and often forego the opportunity to negotiate better terms under a franchisee agreement, simply because they are in a rush to get the deal done. Also, many franchisees simply assume that franchisors have a “take it or leave it attitude”…

trade mark

The Importance of Registering your Name as a Trade Mark: Do your homework and get in fast!

Imagine this.  You have started your own business, picked the perfect name and done all the right things including registering that name as a Business Name.  Your first year of business has gone well, until you discover a rival company using your name to market their business.  You have secured the business name, which means…

Franchise Disputes

Franchise Disputes

Resolving Franchise Disputes. One of the good things about the Franchising Code of Conduct is that it provides a mechanism for resolving franchise disputes. The Code states that a franchise agreement must provide for a complaint handling procedure that complies with the Code. A party to a franchise agreement who has a dispute with another…

disclosure document

Franchisor Disclosure Document Update

Franchisor Disclosure Document Update. Time Limits Apply – Updating your Disclosure Document and Financial Reports. We are already well into the new 2016/17 financial year and for Franchisors that means getting organised to: Have their accountant prepare their financial reports for the 2015/2016 financial year; and Update their standard disclosure document, which requires a thorough…

Franchise

Exiting your Franchise (Part 7)

How to exit your franchise business the right way. For various reasons you may need to exit your franchise business. These reasons can be many and varied and include: ill-health separation and divorce family reasons time to sell and do something different disputes with your Franchisor dissatisfaction with the system, the Franchisor, certain aspects of…