The Franchising Code of Conduct was established in October 1998 after which it was heavily amended in March 2008. This mandatory industry Code of Conduct carries a substantial importance as franchisers and franchisees have to follow this Code in addition to the usual business laws and regulations. Platinum Lawyers Sydney will assist you in understanding both your rights and obligations under the Franchising Code. Platinum Lawyers will ensure that all the involved parties are informed about a franchise before entering into any such deal.
Our aim is not just to provide regulation to the entire process but we also work as a mediator, providing a cost-effective dispute resolution system for both the franchisers and franchisees.
Compliance with Code for both the franchisers and franchisees is mandatory. In case of non-compliance, the party can be prosecuted for breaching the section 51AD of the Trade Practices Act (now, the Competition and Consumer Act). Non-compliance can result in unnecessary and expensive legal proceedings that could be instituted against you by the affected parties or even the Australian Competition and Consumer Commission (ACCC) itself. ACCC provides an easy-to-read Franchise Manual that is advised to be read by all the concerned parties before entering in the agreement.
Why Choose Platinum Lawyers for Franchise Agreements:
The Expert team at Platinum Lawyers has years of experience of handling franchising matters. To help our clients avoid any kind of mishaps at the later stages of the agreement, we will assist them to understand all the important facets of the Code of Conduct before signing Franchising Agreements in Sydney.
As a business owner, this is essentially giving someone the license to operate a business using the brand name and its operating structure. It becomes a little difficult to manage this tricky relationship as the franchisee is the owner of the franchise but the business is actually owned by the franchiser. This kind of agreement, however, is fruitful for both the parties as franchisee using the existing market presence, training and support among other several resources so that the franchiser gives the new business more chances of success. This also benefits the franchiser as they earn by just extending their business’s existing support system.
To ensure that this relationship is a success for both parties, it is important that you have a team of lawyers that have previously helped its clients in understanding all the relevant laws, regulations, and codes of the Franchising Agreements.
What does a Franchise Lawyer do?
- Review of already established franchise documents and systems
- Updating of documents to reflect the changes of the new Franchising Code of Conduct
- Assist you in preparing legal documents
- Consultancy and advice before establishing a new franchise system
- Working along with other party’s accountants / consultants to streamline all the processes
- Issuing of disclosure and franchise agreements for new and renewing franchisees
- Sale or purchase of franchise systems (for franchisers)
- Sale of franchised businesses (for franchisees)
- Business structuring and advice
- Dispute resolution
- Australian Consumer Law audits and reviews
- Review of proposed advertising and marketing strategies to ensure compliance with the Australian Consumer Law, and several other services and consultancies
Contact Platinum Lawyers at (02) 8188 2310 and let us help you understand your rights before entering or renewing your Franchising Agreement in Sydney and Parramatta.