Franchising

Franchising has been described as ‘the most important invention of capitalism!’ It is a business method that has been embraced by the Australian business market. In many ways Australia is a land of franchises.

Today the franchising industry is a growing $80 billion industry.

Turning your thriving business into a successful franchise requires sound legal advice due to the industry being highly regulated. To ensure your business is strong and marketable, these regulations must be examined.

Praeger Ellem Solicitors Corporate & Commercial team can assist you with the selection of the right franchise model that will work for your business. We can advise on the Franchising Code of Conduct and your obligation of disclosure. We will work with you to produce a franchise agreement that is not just beneficial and compliant with the code but which protects or reflects such aspects as:

• Intellectual property rights and the protection of your unique branding
• Protection of confidential information
• Termination rights
• Stoping former franchisees from opening competing businesses
• Payments and training fees
• Reflecting your level of involvement in the business