Trusted Advice for Franchisors and Franchisees
Lots of commercial lawyers moonlight as franchising lawyers. Unfortunately, their clients find out very quickly, and unfortunately sometimes not so quickly, that franchising law is a specialised area, where you need experienced lawyers in the field and not just a general business lawyer.
Because getting something wrong can have serious consequences. In a highly regulated area like franchising the chances of getting it wrong if you don’t really know what you’re doing are disturbingly high.
Luckily, TWC has dedicated franchising lawyers who live and breathe franchising law. And since we give you fixed fee quotes, you don’t need to worry about nasty surprises.
If you’re a franchisor, then you have specific needs when setting up an initial franchise and after as you expand your business.
Mostly (and we get this) you just want to minimise the time and hassle of on-boarding new franchisees – as this maximises your cash flow and minimises disruption to you and your network.
Document Creation and Setup
The most fundamental need for a new franchisor is to set up your agreements, documentation and process so that you’re fully compliant with the Franchising Code of Conduct.
Failing to comply with the regulations here can have significant consequences that you might not find out about until years down the line, so let’s get it right from the start.
On-boarding New Franchisees
Nothing is more annoying that having a potential franchisee who’s raring to go waiting 4 weeks for your lawyers to prepare documents and snail mail them out. It costs you money, reduces your franchisee’s enthusiasm for the business and makes you look bad.
Our process for on-boarding new franchisees is designed to be as efficient as possible, ensuring that:
- Your franchisee has a great experience;
- You’re fully compliant with the Franchising Code of Conduct; and
- Your new franchisee can get into business as quickly as possible.
So you’ve found a potential franchise and you want to “buy in” ASAP right?
But before putting your hard-earned cash into a franchise, it’s a good idea to know the ups and downs of what you’re getting yourself in for.
That means you need a high quality, practical review of the business and the documents to highlight any risks you might be unexpectedly taking on.
What you DON’T need is a 63 page essay on franchising law, written in legal gibberish, that you can’t understand and which doesn’t offer any real value to you at all.
Our review process for franchisees ensures that:
- We understand where you’re coming from;
- We give you the advice you actually need; and
- You understand that advice and why it matters.
Anything less than that and we wouldn’t be doing our jobs right.
We’re also happy to team up with your accountant (or if you don’t have one, we can give you a recommendation) to check over the numbers and ensure that you’re getting a holistic analysis of the business you’re looking to buy.
Don’t put up with slow, meaningless advice that doesn’t give you any actual help – get practical, useful and targeted advice on the important issues from our dedicated franchising lawyers at TWC.
Need a Franchising Lawyer Now?
Get in touch with Wes Day, our resident franchising lawyer, and he’ll talk you through the process, fixed fees and timeframes to get your franchise needs met.
To make a free appointment and get a quote, get in touch.
TWC Lawyers provide legal services for criminal law, traffic law, franchising law, commercial law, family law and property and conveyancing matters. We bring practical, sensible and fixed fee solutions to your legal problems. Learn more about us here.