The Laws Seems Franchises Complicated

1
Are The Laws Around Franchises Complicated?
The concept of franchising doesnt seem that
complicated. You take a well-known brand, open a
local branch, get support from headquarters, and
give them a share of your cut. And yet there are
laws governing the process. Statutes and
measures You also have to register for GST. If
your franchise will receive foreign funds above
AUD 231 Million, youll need approval from the
FIRB . The US has no caps, because of our free
trade agreement with them. Sifting through
agreements However, a lawyer needs to look
through the agreements and see whether there are
any clauses or loopholes regarding this. Some
franchise agreements include a business premises
which will be leased by the franchisor. Altered
agreements Franchises have to abide by municipal
laws in the region they are located. So before
you sign on any dotted line, talk to a good
franchise lawyer and let them walk you through
what could either be a profitable venture or a
messy legal nightmare.