Posted by Elizabeth Gore-Jones
on 27 May 2019
Sarah Stowe, editor of Inside Franchise Business, has kindly asked me to present the following topic with her at The Franchising and Small Business Expo in Brisbane
Myth Busters - how to spot the fake facts in franchising - What you need to know before you buy
We would love your ideas so that we can give the greatest benefit to attendees.
Can you hit me with some myths commonly believed by franchise buyers?
You can email me at egore-jones@thefranchiseandbusinesslaw...
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 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...