The decision to buy a franchise is often taken lightly despite the fact that usually a significant investment and risk are involved. Combined with a common perception that the Franchisee has no or little power compared with the Franchisor and that the terms of the franchise relationship are not negotiable, this results in a poor start for the Franchisee which is unlikely to lead to a long and mutually beneficial business relationship. 

The role of the franchise lawyer in this process is to encourage and assist in conducting thorough due diligence of the franchisor, the vendor, the business and the client himself or herself, to ensure the right business is married to the right person.

Acquisition Process

When you engage Franchise Legal to assess a proposed franchise offer(s), we assist you through the acquisition process ensuring that:

• You are well informed about the proposed terms of the franchise including your and the Franchisor’s obligations
• You are aware of the various legal and business risks
• You are informed about the associated risks and obligations such as leases of premises and equipment and any employee entitlements carried over with the business from the vendor to you
• You are equipped to negotiate and secure the best possible outcome
• Your legal and financing structures are set up in the most tax effective way with consideration for asset protection

Sometimes our advice in relation to a particular franchise results in the client not buying the franchise business in question. Rather than being a waste of money with no ascertainable benefit, the cost of our initial advice may well have saved the client hundreds of thousands in a misguided or misdirected investment. 

To obtain independent legal advice in relation to a franchise business, call Franchise Legal on 1300 798 501 and invest in better decision-making.