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Franchise Advice & Agreements
If you're looking to buy a business, franchising is an increasingly popular option, as it allows individuals to operate their own business under an existing brand. The franchisor has often done the hard yards establishing a brand and developing a business model, which appeals to experienced and inexperienced business owners alike who may benefit from the training and ongoing support offered by the franchisor.
At MCG Legal we can assist and advise franchisees and franchisors in relation to the Competition and Consumer Act 2010 (Cth), the Franchising Code of Conduct, the Australian Securities and Investment Commission (ASIC) and the Australian Competition and Consumer Commission (ACCC) to ensure compliance.
We can assist franchisees wanting advice in relation to buying a new or existing franchise business, by advising and assisting you to understand the franchise agreement and the franchisor’s disclosure, the leasing or licence requirements under your franchise agreement or business sale agreement and any other requirements of the franchisor, lessor and/or seller of the franchise business.
If you have an existing successful business which you are interested in turning into a franchise, we can help you to draft all necessary documentation and to ensure Franchising Code compliance.
In the unfortunate event that your franchise does not work out the way you planned, we can assist with dispute resolution, including negotiation and mediation alternatives to court including those required under the Franchising Code of Conduct.
Contact us to speak with our Gold Coast commercial lawyers and receive experienced franchising advice today.