Posted by Elizabeth Gore-Jones
on 27 August 2019
So you want to sell your business?
Follow these 7 essential steps in selling your business:
1. Get the price right - if you are asking too much you won't get interest. If you are asking too little you won't be compensated for all of the sweat, tears, money, risk and everything else you have invested over the years. Speak to your accountant and speak to a business broker. They will be able to give you guidance in getting the price right. But as we all know...
Posted by Elizabeth Gore-Jones
on 22 August 2019
Today's post might be better titled "You don't know what you don't know".
The story goes something like this:
you enter into a contract
the contract includes a provision where the goodwill or intellectual property of a third party is protected
the third party is not a party to the contract
you breach the goodwill or intellectual property provision
The third party can't pursue you because it isn't a party to the contract, rig...
Posted by Elizabeth Gore-Jones
on 13 August 2019
ASQA has released new requirements for RTO third party arrangements.
They may trigger the obligation for RTOs to be a franchisor under the Franchising Code of Conduct.
When following the ASQA requirements, an RTO may also be required to comply with the Franchising Code if:
1. The RTO must tell its third party providers how to operate or market their business;
2. The third party must undertake advertising using the RTO's logo, trade mark etc;
3. The third party is re...
