Posted by Elizabeth Gore-Jones
on 19 February 2024
Considering investing in a franchise lawyer? Here's a real-life case study that highlights why it might be one of the best decisions for your franchise journey!
We were previously involved in a case where a franchisee thought they were released from their agreement but were actually being pursued by the franchisor for fees and costs.
They were understandably upset when they reached out to us.
They have already been to another lawyer who, not being a franchise lawyer, had not progressed...
Posted by Elizabeth Gore-Jones
on 15 February 2024
Today, the ACCC issued a media release about designated complaints legislation that has been introduced into Parliament.
Under the proposed legislation, certain consumer and business advocacy groups will be approved by the relevant minister to make designated complaints to the ACCC. Amongst other things, the complaints must be significant or a systematic market issue that affects consumers or small businesses in Australia relating to a breach of the Competition and Consumer Act.
The AC...
Posted by Elizabeth Gore-Jones
on 14 February 2024
We have found that it is becoming more common for a purchaser of a business to require vendor finance.
There are obviously risks associated with lending money on the purchase of a business, but certain steps can be taken to help protect the position of the vendor/lender:
1. registration as Purchase Money Security Interest on the PPSR;
2. personal guarantees;
3. registration of security interest over a...