Posted by Elizabeth Gore-Jones
on 5 December 2023
On 1 December 2023, the ACCC has reported that penalties totaling $15 million have been ordered against power tool supplier Techtronic for engaging in resale price maintenance.
Techtronic did the following:
1. Entered into agreements with retailers and dealers stopping them from selling products below a specified minimum price;
2. Enforcing the requirement not to sell below that specified minimum price;
3. ...
Posted by Elizabeth Gore-Jones
on 29 November 2023
We often act for franchisors who are owed money by their franchisees.
Our experience has predominantly been that franchisors are willing to work with franchisees to either negotiate payment terms or a reduced sum so that the matter can be finalised amicably between the parties.
A point of frustration for franchisors is when they reach out to these franchisees and are ignored.
In so many instances, franchisors will give franchisees so many opportunities to reach out and reach a resolution a...
Posted by Elizabeth Gore-Jones
on 16 November 2023
A Franchise Agreement is a binding agreement for a particular term. The term of most Franchise Agreements is somewhere between three to 10 years, with the average being around a five-year term.
As with any other binding contract, a Franchise Agreement will bind the Franchisee for the whole of the term. Below are some methods a franchisee may employ to end a franchise agreement early:
1. COOLING-OFF PERIOD
After a Franchisee enters into a Franchise Agreement, the...
