COVID-19 impacts on business; KFC store shut; franchisors adapt (Written by Sarah Stowe)
PUBLISHED ON 16 MARCH 2020 BY SARAH STOWE – INSIDE FRANCHISE BUSINESS MAGAZINE ONLINE As Victoria declares a state of emergency for four weeks, and the ACT announces a public health emergency, how are franchisors adapting to COVID-19 impacts on business? Just a few days ago KFC closed a Brisbane store after a staff member... Read More
5 ways to avoid a franchise agreement fail
PUBLISHED ON 2ND OF JANUARY 2020 – INSIDE FRANCHISE BUSINESS MAGAZINE ONLINE What could possibly go wrong? How to ensure you don’t set yourself up for trouble when setting up or amending your franchise agreement. As a franchisor, when drafting or amending your franchise agreement, you must first and foremost ensure that it complies with the... Read More
Do I always have to pay franchise fees?
PUBLISHED ON 27TH OF NOVEMBER 2019 – INSIDE FRANCHISE BUSINESS MAGAZINE ONLINE “Surely I don’t have to pay fees if the franchise lets me down?” Is this fact or fiction? Let’s take a closer look… It’s a fact of life that despite the best intentions and solvency of any franchise system, not all franchisees are... Read More
LET’S TALK… EXIT STRATEGY
PUBLISHED ON 13TH OF AUGUST 2018 – DYNAMIC BUSINESS ONLINE When setting up a business, the founders must ensure that their business and / or personal assets are protected from any possible future financial setbacks, any disagreements within the business or family or from any business failure. Assets can be protected in various ways, depending... Read More
If it looks like a franchise…
If It Looks Like a Franchise… – PUBLISHED IN PRINT: JULY/AUG 2018 EDITION OF THE FRANCHISING MAGAZINE
Why can’t you draft franchise legal documents yourself?
PUBLISHED ON 14TH OF MAY 2018 – FRANCHISING MAGAZINE ONLINE The initial stages of setting up a business as a franchise can be extremely tedious and expensive. It is often very tempting to search the internet for franchise documentation of brands operating in similar fields to your business and then try to put together a... Read More
Franchising and the Law
PUBLISHED IN THE 2018 BUSINESS FRANCHISE DIRECTORY – BUSINESS FRANCHISE AUSTRALIA AND NEW ZEALAND MAGAZINE (IN PRINT AND ONLINE) For many years Australia has been one of the most regulated countries in the world when it comes to franchising. In 1998 the Australian Government introduced mandatory requirements to regulate the franchising industry in the form... Read More
How can I protect my assets when I buy a franchise?
PUBLISHED ON 20TH OF OCTOBER 2017 ONLINE – FRANCHISING MAGAZINE ONLINE When buying a franchised business franchisees should ensure that their personal wealth is protected. Each franchisee’s personal circumstances need to be assessed on their merits and also based on which franchised business is being purchased.Asset protection is a difficult task in the franchise environment... Read More
Franchisors, how to handle the cooling-off period
PUBLISHED ON 3RD OF OCTOBER 2017 ONLINE – FRANCHISING MAGAZINE ONLINE The Franchising Code of Conduct (Code) allows all new franchisees an opportunity to get out of the franchise agreement within seven days of signing it or paying any fee to the franchisor. This cooling-off provision only applies to new franchisees and is not applicable... Read More
What is in a franchise disclosure document?
PUBLISHED ON 30TH OF AUGUST 2017 ONLINE – FRANCHISING MAGAZINE ONLINE In Australia, the Franchising Code of Conduct requires all franchisors to issue a disclosure document to all its potential franchisees. The disclosure document must be provided in a prescribed form containing valuable information about the franchisor and its system. In particular, the disclosure document... Read More