Buying a Franchise: Why Obtain Legal Advice?
Buying a franchise is one of the most important decisions you will make. Understanding the financial risks and legal implications is critical before signing.
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Stay informed with practical legal insights on commercial litigation, franchising and business law.
Buying a franchise is one of the most important decisions you will make. Understanding the financial risks and legal implications is critical before signing.
Before signing a franchise agreement, consider the risk of franchisor insolvency. Even high profile franchise networks may find themselves in financial difficulty.
A Federal Court case emphasises the difficulty of franchisees seeking early exit from a franchise agreement without the franchisor's consent.
Recent closures of well-known franchised stores show that even established franchise businesses are no guarantee of success and profitability.
Acquiring a franchise is expensive. You need to consider the extent to which you are prepared to risk your personal assets based on your business structure.
Over one million Australians own crypto. Understanding the existing legal frameworks that apply to cryptocurrency and digital assets is essential.
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