Australians love their local franchises. There are very few towns across the spread of this country that are lacking at least one Nando’s, 7/11, or Eagle Boys. They play to a retailing standard: the recognisable logo, endearing comfort for us, wherever we happen to be.
These arrangements are also a win for the franchisor. When a winning business has been created, it makes sense to stick to the method that has brought success. That is the logic behind the nature of the franchise agreement: a contract that obliges you to operate your business with respect to some defining principles of the initial business that built the logo.
However, franchise agreements hide a great deal of fine print. The franchisee is under a great deal of obligation from the first moment forward, and while Australian law with regards to this obligation is among the most comprehensive in the world, many remain unaware of what is truly hidden in the clauses of the franchise agreement. As well, some are open to a level of negotiation, and a trusted eye can reap some real benefits and protection to your fledgling firm.
While most franchisees should seek independent legal advice prior to signing on, the truth is, few actually do so. This can leave them under a great deal more obligation than they might otherwise have been obliged to operate underneath. Seeking the advice of a legal expert can be key to organising your business in a way that assures success.
At VS George, we work across numerous sectors, providing advisements on franchise agreements, and solutions to a wide range of business disputes, in ways that will gain you the best possible outcome. Our franchise and business lawyers know the Australian legal framework very well, and work to ensure your protection and continued success in your ventures.
For more information on our business and franchise lawyer services for Sydney, contact us today.