Franchises can offer unique opportunities for business success but only if the legal arrangements that govern the relationship with the franchisor has the same outstanding qualities as the business model to which the investor is attracted.

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The top 10 must-dos before entering into a franchise agreement

  1. investigate all commercial claims and disclosures in the franchisor disclosure statement.
  2. spend time with at least three other franchisees to discuss their experience and profitability in detail.
  3. conduct a detailed analysis of the benefits and detriments of the proposed franchise location.
  4. get professional financial advice to test financial and other projections from the franchisor.
  5. assess the uniqueness of the franchisor business model.
  6. understand the commerciality of the franchisee business share ie territory, franchise fee etc.
  7. investigate the financial soundness of the franchisor.
  8. assess the capacity to grow volume in the franchise.
  9. ensure sufficient working capital.
  10. assess the likelihood of non-franchisee competitor threats.

And of course get sound and competent legal advice as to the franchisor disclosure statement, the franchise agreement and all other ancillary documentation.

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Will they add value?

QBPL team members have all the technical skills and offer a fresh outlook for how to achieve your business objectives.

Having a sense for business and being able to leverage expertise for the benefit of your business can add outstanding client value. Call today.

Are they efficient?

Does your commercial law firm deploy advanced systems and technology that streamlines processes to reduce client costs and provide transparency?

QBPL provides client side access to document and critical transaction details  – which means quicker turnaround times, lower communication costs and faster results.

Are they communicative?

Commercial legal practice is not about forms and privacy policies. Your Brisbane business lawyer should be on the front foot with regular updates relevant to your business or industry.

Your interests should be their foremost interest. At QBPL your success is our success.

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