The Federal Government has recently announced its support for several recommendations made following the 2023 review of the Franchising Code of Conduct. A new draft of the Franchising Code will be released later in 2024 and is expected to be implemented from April 2025. Concerns Raised by the ACCC The
Are you planning on selling your small business soon? It may be hard to sell it quickly if you have no experience in this field. There are many things to consider when doing so, as you’ll want to get fair compensation for what you’ll be trading away. This article will
What is Franchising? Franchising is a popular business model that allows you to operate a business under the brand of another business. Famous examples of a franchise in Australia include Pool Werx, Muffin Break, and Jim’s Mowing. A franchisee is a sole trader, partnership, or company that enters into an
Licensed vs. Franchised Businesses: What’s the Difference? Two of the most common types of businesses in Australia are licensed businesses and franchised businesses. But what’s the difference? Both models are business agreements in which certain aspects of the brand are shared in exchange for a fee. However, a franchising agreement
Changes to Franchising Laws: What You Need to Know Franchising laws have changed again, and if you’re a franchise business owner, it’s important to stay updated with the latest requirements. The government has introduced the online Franchise Disclosure Register, a free database of franchisors’ disclosed information, accessible by the public.
Are you planning on opening a franchise in Australia? If so, the chances are that you believe buying your own business is a safe way to get things started. However, you must be aware that there will be risks and challenges that you will face and must understand before you
Buying a franchise entails familiarising yourself with the legal aspect of running a business. It is important that you know the documents you need to fill out and the legal entities you will be involved with. You should also be aware of the franchiser agreements you are signing. It is
Starting a new business venture is an exciting thing. However, it’s essential to approach it with diligence and care, especially when tackling legal matters. For instance, if you’re planning to purchase a franchise, make sure you cover all the legal grounds and work with commercial contract lawyers throughout the process.
Buying a franchise is an excellent way to expand your experience as a business owner, but understanding all the legalese found in franchise agreements can make the process intimidating even for seasoned entrepreneurs. While franchising is a safer way to start a business, the process is often complicated since the
Buying a franchise is an excellent way to expand your experience as a business owner, but understanding all the legalese found in franchise agreements can make the process intimidating even for seasoned entrepreneurs. While franchising is a safer way to start a business, the process is often complicated since the