Franchise Lawyers

Franchising is when a business decides to expand their operations by opening up another branch or various branches in different locations. Doing so allows them to maximise their reach and profit.

The typical franchise relationship involves the original owner of the business (known as the franchisor) allowing a purchaser (the franchisee) to buy into their business. The franchisor gives the franchisee everything they need to open their own branch of the same business elsewhere (such as intellectual property, business plans, contact lists, products) and in return, the franchisee runs the business and pays a franchise fee to the franchisor.

However, there’s a lot more to franchising than this! Franchising is a heavily regulated area in Australia (see the Franchising Code of Conduct) – it’s wise to get the help of an experienced franchise lawyer before you get started to ensure you don’t miss any required steps.

While franchising is a great option for many businesses, it’s heavily regulated by the Franchising Code of Conduct in Australia. So, if you want to start a franchise, you’ll need to ensure you have the correct legal documents before you take any steps. The process involves securing your IP, developing the right policies and training processes and managing your funds responsibly to ensure success.

For example, you may need to have a marketing fund available and a Franchise Grant Process. If you want to start a franchise, your best bet is to chat to a franchise lawyer who can help you hit the ground running by covering all your legal grounds.

Franchising is popular because it offers various benefits for your business. It allows you to expand your reach to customers in various locations, which will also boost your profitability and visibility in the market. Further, it provides opportunities for maximum growth while balancing effort across franchisees.

In other words, you can delegate responsibilities to franchisees so there’s less for you to worry about! You can manage the overhead costs and long-term planning, while your franchisees can manage the day-to-day tasks of running your business. You also receive franchise fees for this kind of arrangement.

If you want to start a franchise in Australia, you’ll need to chat to the right lawyer about where to start. After all, franchising is heavily regulated and non-compliance has legal consequences.

Sprintlaw has franchise lawyers who are happy to help you get started, from your Franchise Agreement to your Franchise Grant Process and IP protection processes.