If you are buying a pre-exisitng franchised business there are a number of components to that transaction. These include: 1. The contract More often than not the parties will enter into a REIQ contract for business sale. It is really important that special conditions are inserted into that contract which reflect the requirements of the franchisor and the franchise agreement. It is also important to consider the specific provisions of the contract including how emp...

Amongst the very extensive changes to the Franchising Code of Conduct anticipated to commence on 1 January, 2014 is the requirement for a franchisor to disclose virtual encroachment into a franchisee's territory. In addition to disclosing any online sales the franchisor or its associates may make, the franchisor must also disclose third party online sales of the franchisor's product. If a franchisor provides product to a supermarket who in turn offers that product for sale ...