If you are considering purchasing a franchise then the franchisor will almost certainly require that you obtain independent legal advice before signing on the dotted line, and this is where Austral Legal come in.
Most franchise agreements are in a ‘standard-form’ with the terms generally heavily favouring the franchisor and often severely restricting the franchisee’s legal rights. Broadly speaking, there are two types of franchisor’s – those who make most of their money from an up-front sale price paid by the incoming franchisee, and those who offer a very reasonable up-front sale price (if any) and then make their money from ongoing fees and charges levied against the franchisee or by selling products to the franchisee (or a combination of the two). However, regardless of the type of franchise you are considering, the good news is that most franchisors are willing to insert reasonable ‘special conditions’ (which can address some of the inherent imbalances) where those special conditions are the difference between them getting the prospective franchisee (ie you) on board or not.
Depending upon the complexity of the franchise agreement, Austral Legal can generally offer fixed fee pricing for our franchise reviews through our FranchiseAdvantage services. You may also like to consider meeting with us in our SmartMove initial 30-minute discounted consultation to discuss any general queries you may have, or to ask any burning questions straight-away.