Franchising your business or buy a franchise can be a stressful and challenging time.
Ensure you work with experienced lawyers to help guide you through this often complicated area of the law, including on contractual, negotiation and dispute resolution matters. The WGC team has experience working on a range of franchising issues, including for large national companies, so is best placed to assist you with any franchising concerns.
Sale of franchised businesses:
The Franchising Code of Conduct outlines several areas business owners must follow to ensure best practice, including a number of clauses surrounding the definition and procedural terms associated with selling a franchised business, which often differ from other types of organisations. Ensure you work with a qualified lawyer to help you understand this often complicated area of the law.
Purchase of franchised businesses:
When deciding to buy a franchise, you are getting access to a secure and often stable business and while the benefits can potentially be profitable, seek legal advice to ensure that you understand the regulations and restrictions often placed on these types of organisations. WGC has many years’ experience dealing with this type of transaction so you can be sure you fully comprehend your legal obligations as a franchisee.
Commercial property transactions:
Completing transactions for commercial property premises requires specialist understanding of the laws and codes associated with this type of location. Be sure to consult sound legal advice before signing any contract or other related issue for peace of mind as well as to make sure you are abiding by the legislation which governs this area of business.
The law which governs franchising agreements and other areas of this type of organisation is drawn from legislation in the business, property and consumer sectors, so understanding the various aspects and clauses of these laws can be difficult. Appoint WGC lawyers to assist you with any concerns or issues that may arise during the franchising agreement process.
Contract negotiations and renewals:
Negotiating and renewing a contract can be a lengthy process, especially if either party contests any of the statements. Seek expert legal advice to help assist you in this complex area of the law to ensure that any contracts you create or sign uphold against the law as well as being deemed as fair and just.
If you wish to terminate a contract on a franchise you own or lease, be sure to work with a dedicated team of lawyers to help clarify any clauses or stipulations which you should be aware of to ensure that you are following the legislation in this area of business practice.
Interpretation of the Franchising Code of Conduct:
This code outlines a number of important areas of franchising for business owners to consider, including disclosures, cooling off periods and types of breach infringements.
Corporate structures and restructures:
If your organisation decides to change its structure, including merging with another company and franchising is to be a part of that process, work with an experienced lawyer to ensure that the change runs as smoothly and efficiently as possible.
Taking out a lease on a franchise requires understanding of the connected legal obligations. Be sure to work with a lawyer who is best placed to help you understand the requirements of your lease, including subleasing, making decorative improvements to property and providing copies of the lease when necessary.
Banking and securities:
If you’re buying or selling a franchise, it’s important to consider finances too, including protecting your personal assets as well as any associated with real estate too. WGC lawyers can ensure that your financial business operations are dealt with in a timely and law-abiding way.
For franchising legal expertise please contact our team: