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Whether
you are thinking of joining a franchise, or expanding your own
business by creating a franchise, we have the experience and
know-how to help you achieve your goals. The following are some of
the considerations we will take you through as we prepare your
franchise documentation or provide other services as required.
Considerations for franchisors
We assist franchisors to prepare appropriate documentation
including Franchise Agreements and Disclosure Statements. If you
take a financial interest in the franchisee, or an option to
acquire the franchisee, we can also prepare a Shareholder
Agreement and Contract of Employment for the directors of the
franchisee.
An important consideration for franchisors entering a Franchise
Agreement is protection of intellectual property. We can prepare
separate licence agreements for use of software or intellectual
property. Finance secured against intellectual property may
require the intellectual property to be secured in favour of the
financier without risk to its value in the event of default.
We provide taxation advice in respect of the implementation of a
franchise system. For many major companies, tax consequences are a
key consideration in deciding whether to implement a franchise
structure for part of their operations.
Successful franchises rely upon good structures that enable
franchisees to succeed. We can assist you to design a structure
suitable to your practical business requirements.
Considerations for franchisees
We provide an advisory service to potential franchisees, assisting
you through the acquisition process.
To evaluate franchise opportunities for franchisees, we perform a
comprehensive review of documentation, evaluation of all rights
and obligations for both parties, and identification of legal and
business risks. Key considerations include financing and asset
protection issues.
Whether a franchisor, or an individual franchisee, the needs are
the same – focused lawyers who understand the issues and are
attentive to the client’s needs.
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