For the franchisor, franchising can be an effective, lower cost model to expand your business. For the franchisee, starting a business from scratch can be daunting so there can be strong appeal in buying into a franchise where the franchisor provides a developed way of doing business, ongoing guidance, systems, and assistance. It is reported that new franchises tend to have a better success rate than start-ups.
In exchange for the franchisor providing the franchise materials, the franchisee is often required to pay a percentage of income or other amount to the franchisor before starting, and while running the business, which may also include amounts for the marketing of the franchise and administrative costs.
Franchisors and franchisees must comply with the Franchising Code of Conduct (“Code”), which applies to all franchise agreements entered into or renewed after 1 October 1998.
Get in Touch With our Franchise Lawyers in Perth Today!
Whether you need legal advice on franchising agreements, franchising disputes, or require legal representation, Laird Lawyers are here to assist. Our experienced franchise lawyers and solicitors have the knowledge and skill to be able to accurately represent you in court, or provide you with sound legal assistance in all matters of franchise law. Centrally located in Perth’s CBD, book a consultation with one of our franchise lawyers today by calling 08 6156 2700.