Franchisees and franchisors have been urged to do as much as â€œhumanly possibleâ€ to scope each other out before entering into an agreement, as a court battle kicks off involving 10 former Bank of Queensland franchisees.
When faced with the prospect of expanding a franchise into a new territory, many franchisors employ the model of master franchising.
Australian retail food brand manager and franchisor Retail Food Group Limited announced its entry into a conditional Sale & Purchase Agreement (SPA) to acquire the Crust Gourmet Pizza Bars brand system.
It is no secret there is an inherent imbalance of power in the franchise relationship between franchisors and franchisees.
Given how specialized franchise law is, both franchisors and franchisees are encouraged to retain lawyers with expertise and experience in franchising, not ones who just dabble in the area.
Having read about the problems faced by Billy Baxterâ€™s franchisees, how can I be certain that I wonâ€™t suffer losses if I buy a franchise?