Franchisor Insolvency – It may happen The recent newspaper reports of the closure of two franchised Brumby’s bakery stores in Gladstone and two franchised Brumby’s bakery stores in Rockhampton show that the acquisition and ownership of franchise businesses, even well-known franchise businesses, and the ownership of multiple franchises, is no guarantee of business success and […]
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The risk of franchise business failure Before signing a franchise agreement a person thinking about buying a franchise should consider the risk of the franchisor becoming insolvent during the term of the franchise agreement. The recent placing into administration for unpaid debts of such a high profile franchisor as the Eagle Boys franchisor shows that even franchise
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5 things you need to know about the small business unfair contract terms The unfair contract terms provisions of the Competition and Consumer Act 2010 (Cth) currently protect consumers from unfair terms of standard form contracts. From 12 November this year, those provisions will be extended to small businesses. So, here is a lowdown on
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