Posted by Elizabeth Gore-Jones
on 13 November 2019
When a lawyer is reviewing your franchise agreement they should not just be summarising the agreement for you.
One of the most important roles of a franchise review should be to make recommendations for you.
A franchise review should:
1. suggest drafting changes - deletions and different wording
2. explain the impact of relevant legislation
3. highlight how the franchise agreement compares to industry standards
4. explain what the agreement says
Only lawyers with actual franchising expertise can give a potential franchisee a meaningful review of a franchise agreement.
Author:Elizabeth Gore-JonesAbout: Elizabeth specialises in franchising law. She lectures at Bond University PLA in franchising, she sits on the Queensland Law Society Franchising Committee, she is a past member of the Women in Franchising committee and a past member of the Franchise Council of Australia.
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