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Business Sales - Long Service Leave

Posted by Elizabeth Gore-Jones on 23 May 2019
This question comes up quite a lot in business sales. The buyer and seller often reach an agreement between themselves that an employee with accrued long service leave will be paid out at settlement. The aim is to start with a clean slate for the buyer when continuing the employment of that employee. Caution: It is only possible to cash out long service leave if the applicable employment award allows it. Worst case scenario: the employee has their long service leave paid ou...
Posted in: Business  

Don't be a smart-ar$3

Posted by Elizabeth Gore-Jones on 21 May 2019
I think one of the biggest lessons to learn from 2019's Ultra Tune case  is not to be an ar$3. Ultra Tune could have avoided the ACCC going through them like a fox in a hen house if they had refunded the $33,000 they were legally obliged to refund to a potential franchisee. This is a truly rollicking story of what not to do as a franchisor.  It is a story of heavy handed conduct, why you shouldn't lie in evidence, why you should try to make your story at least a l...
Posted in: Business News Franchisee Franchisor  

Franchisor Action Response - Franchise Review

Posted by Elizabeth Gore-Jones on 18 March 2019

The recommendations from the Parliamentary Committee were relased last week.

This link will take you to a summary of the recommendations that relate to the franchise industry and a recommended action plan for franchisors:

View here: Franchise Review

Posted in: Franchisor  

latest news

Restraint of Trade not Binding

Nov 04 2020
Unfair Restraint of Trade struck down The Back In Motion Physiotherapy Franchise Agreements contained a clause preventing an ex-franchisee from competing within 10 kms of any Back In Motion Physiotherapy franchise for 12 months after the franc...

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