One of the important issues to consider when buying a franchise is the issue of Supplier Rebates. What is A Supplier Rebate? A “Supplier Rebate” is a payment or financial incentive whereby a supplier of goods or services returns a portion of a purchase price to a Buyer. What’s the Problem? Supply chain management is […]
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What is due diligence? Doing your “homework”, “doing a bit of research” or “no idea whatsoever” are various descriptors of due diligence by participants in the SME space. This paper adopts a definition of due diligence as set out in a recent Due Diligence Survey.
Under the Australian Consumer Laws (the “ACL”) there are laws prohibiting unfair contract terms in consumer contracts. From November 2016, the unfair contract regime will now extend to small business contracts. A “small business contract” is where the contract has the following features: The amount payable under the contract is less than upfront $300,000 or $1,000,000 […]
I often receive calls from new clients seeking advice as to how they can expand their business. Of those, I am often asked whether their plans may be a franchise. Often, there is a fear or concern about establishing a franchise given the perceived difficulties and regulation surrounding franchising in Australia.
Franchising, as a way of doing business, can be very financially rewarding. When things go wrong though, the source of the problem can often be traced back to the beginning, when the franchise was being set up. Amongst the number of important elements to consider, the franchisor needs to ensure that a Franchise Disclosure Document […]
From 1 January 2015, the current Franchising Code of Conduct (called the “Code”) will be repealed and replaced with a new Code. The Code was first enacted in 1998 as a mandatory Industry Code. The purpose of the Code is to regulate the conduct of participants in the franchise sector. The Code applies to franchise […]
From 2006-2013 there have been multiple government enquiries at a State and Federal level into franchising. Again in 2013 a Federal enquiry is currently taking place into, among other things, good faith in franchising.
The Borders and Angus Robertson Administration should be of interest to all Franchisees. The appointment of Administrators to the RED Group has a potential impact for all Franchise business trading under the Boarders and Angus Robertson banner.