Before You Sign on the Dotted Line – Consider the Benefits and Potential Risks
Buying a franchise can be a great way to go into business and be your own boss. You can benefit from established systems, the existing reputation of the brand and the experience of the franchisor. However, franchising carries risk to the unsuspecting.
Being a franchisee can involve many different legal issues, including:
So, before you sign on to become a franchisee, it is vital you do your research and due diligence to ensure you have a good idea on what you are getting yourself into.
When you apply, or express an interest in becoming a franchisee, the franchisor is required to provide you a copy of:
Purchasing a franchise can be an exciting venture, however the documentation is long and complicated. Before you commit, all documents must be carefully scrutinised, and you should seek professional advice from a franchise lawyer to ensure you understand your responsibilities and that your interests are protected.
Our experienced franchise lawyers will provide practical and straightforward advice on the proposed franchise and any ancillary documents, such as lease and licence arrangements, to help you make an informed decision. We understand the complexities and requirements that you must appreciate and watch out for when purchasing and operating a franchise. We can pinpoint and clearly explain clauses in the franchise agreement that require your careful consideration and identify any potential risks. If the agreement requires amendment, we can assist by liaising with the franchisor to negotiate a fair agreement for you.
Do you believe you have been misled by the franchisor as to the profitability of the franchise? Or perhaps, is the franchisor accusing you of breaching the Franchise Agreement? Experience has proven to us that the franchisor is not always right.
We have acted for franchisees in all industries and for all types of franchise disputes. Our approach is to focus on your commercial needs and goals, and closely work with you to achieve a solution to your dispute in the most cost-effective way.
If there is an issue or a dispute between you and the franchisor, we can help by:
Whether you are considering becoming a franchisee, are already a franchisee, or facing a dispute with your franchisor, you need skilled legal advisors by your side. Our highly experienced franchise team can provide advice and assistance at every step of your franchise journey.
I’ve had the pleasure to be assisted by Marilyn Wai the Senior Associate at PCL Lawyers and she has been nothing but amazing. She is thorough in her work, detailed in her responses and punctual in all her communication. Her service is second to none and I could not have asked for anyone better to oversee my cases. I was very well looked after by the entire team at PCL Lawyers when Marilyn was away. Every correspondence was transparent and easy to understand. The overall process was an absolute breeze. There is no doubt in my mind I will return for their business should I require any future assistance.
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I had nothing but great service using PCL Lawyers I used Marilyn Wai as my solicitor. Her attention to detail and efficiency was outstanding. I was always kept up to date with everything and was well looked after. A+++++ service. Highly recommend I will be using Marilyn for all my future legal matters Thanks again Marilyn Regards Adam
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