FRANCHISING LAWYERS ROCKHAMPTON
Perhaps you are thinking about going into business for the first time and you are weighing your options.
Should you start your own from scratch, buy an existing, independent business, or a franchise? Of course, there are pros and cons to each and the one that is best for you depends on your own circumstances.
However, if you are considering purchasing a franchise, there are a few things to keep in mind. The first is that in this type of arrangement, you are buying into an established business with an established brand.
While this offers some security, it also provides less flexibility than other business models. Additional concerns include the initial (upfront) and ongoing costs, and potential risks.
Our business lawyers can help you identify these risks, suggest changes to the franchise agreement to protect your interests, and ensure that you fully understand all of the legal matter associated with these types of arrangements. We ensure that you are aware of the issues associated with the franchise disclosure statement, franchise agreement, business contract, lease/licence, and the retail shop lease disclosures (if applicable).
If the transaction is handled properly from the outset, owning a franchise can be a wonderful business opportunity. If not, you may find yourself in a difficult situation. So don’t leave anything to chance.
WE CAN ALSO ASSISST WITH:
- Business Structuring
- Business Acquisitions
- Business Succession, Shareholder & Management Agreements
- Commercial Leasing
- Commercial Property Conveyancing
- Hiring and Chattel Leases
- Partnerships, Companies & Trusts
- Banking and Finance
- Planning and Environment
- Mining Resource and Resumption
- Personal Property Security Register