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.
In what will be a nationally-watched case, 10 former Bank of Queensland owner-managers are seeking damages because of business losses. The case begins today in the NSW Supreme Court.
The claims relate to alleged representations made about the likely business and profitability of the owner-managersâ€™ branches. Itâ€™s understood BoQ will contest the claims. More.