What is franchising?
Franchising is a replication of a proven business system (“the system”) in exchange for an upfront payment and on-going royalties for an agreed period of time. The system comprises of all the elements necessary to establish an untrained person in the franchise business, running it with support from the franchiser.
Well known examples include Burger King, McDonalds and Subway. However, practically every business sector is represented by one type of franchise or another.
We have a wealth of experience providing advice to the franchising sector. Areas include:
- advising prospective franchisees on the terms of their franchise agreements and assisting with franchise renewals;
- drafting and reviewing franchise agreements, deposit agreements and confidentiality agreements for franchisers;
- intellectual property and brand protection advice;
- advising on franchise re-sales;
- resolving complex franchise disputes;
- considering and advising on all property related matters arising from and connected with the franchise
- considering employment law issues associated with the franchise;
- providing insolvency advice when a franchise fails or is failing.