ACTING FOR FRANCHISORS
If you have an established brand or successful business proposition/opportunity/model/concept that you want to grow further using a franchise system, we can advise you on the legal aspects of franchising, including what laws apply to a franchise arrangement, what statutory disclosures requirements you as the franchisor need to comply with.
We will also recommend an appropriate legal structure for your entities and the contractual arrangements with your franchisees and other parties such as suppliers, landlords etc. we will also advise on IP protection strategies and how to ensure your business continuity and liability issues when franchisors experience difficulties.
After you have made an informed decision to use a franchise system, we can assist to draft the franchise agreement, disclosure document and lease documents for you.
ACTING FOR FRANCHISEES
If you are considering to take up a franchise or buy an existing franchised business, we strongly encourage you to seek independent professional advice. From our experience dealing with franchisees, many of them did not seek legal advice when they signed on the dotted line of the franchise agreement.
While franchises have their merits and appeal, many franchisees do not have a good understanding (are not properly informed) of what is involved. Perhaps they have misperceptions about franchises and there are certain strongly held ‘’myths’’ about franchises. The knowledge gap is often one of the causes of the breakdown or dispute between the franchisee and the franchisor.
Seeking proper legal advice before signing your franchise agreement is probably your best investment. We will bring you up to speed on the potential pitfalls, risks and non-standard clauses in the franchise agreement that you should be aware of. We have also in many instances achieve better outcomes and protection for our clients by negotiating suitable amendments to the franchise agreement.