In August 2019 the ACCC released its review of the disclosure practices of food franchisors*. The review found that the majority of franchisors: 1. made it too difficult to contact past franchisees. Most mobile phone numbers and email addresses of past franchisees were not disclosed Only providing contact details for the former franchise location is unlikely to comply with the Franchising Code of Conduct requirements when the former franchisee cannot be contacted there. 2. did not a...

So you want to sell your business? Follow these 7 essential steps in selling your business: 1. Get the price right - if you are asking too much you won't get interest.  If you are asking too little you won't be compensated for all of the sweat, tears, money, risk and everything else you have invested over the years.  Speak to your accountant and speak to a business broker.  They will be able to give you guidance in getting the price right.  But as we all know...

Today's post might be better titled "You don't know what you don't know". The story goes something like this: you enter into a contract the contract includes a provision where the goodwill or intellectual property of a third party is protected the third party is not a party to the contract you breach the goodwill or intellectual property provision The third party can't pursue you because it isn't a party to the contract, rig...