Setting Up A Franchise In Australia? Here are The Must-Have Documents
1. Setting Up A Franchise
In Australia?
Level 1, 97 Grafton St Bondi Junction, 2022 NSW Australia
1300855435
info@thefranchiseinstitute.com.au
https://thefranchiseinstitute.com.au
Here are The Must-Have
2. Introduction
Are you setting up a franchise in Australia? Then you must know
there are some mandatory documents you will have to gather to
carry out the expenditure.
Today’s posts list down those documents to help you ensure you
don’t miss out on anything.
So, continue reading!
3. Must-Have Documents For Setting Up A
Franchise In Australia
Not having the correct documents or complying with the applicable regulations, like the
Franchising Code of Conduct, can put your franchise in legal trouble.
Therefore, ensure you have the following documents when franchising a business.
·Information statement: This official document shall explain franchising to your
franchisee. According to the laws regarding setting up a franchise in Australia,
franchisors must give this document to franchisees before any other document.
·Franchise agreement: It shall provide detailed information on what the franchisee and
the franchisors have agreed to do and not to do.
·Disclosure document: It includes key information about the franchisor and the
franchised business.
·Key facts sheet: It helps the franchisee comprehend the disclosure document.
·Franchising Code of Conduct: Every franchisee and franchisor must follow this law.
·Confidentiality and Restraint of Trade Annexure: This document will protect the
business’s IP.
·Deed of prior representations: It will lay out the representations you assured the
franchisee before entering the franchise agreement.
4. Other Documents The
Franchisor May Need To Give
To The Franchisee
Depending on your circumstances, you may have to provide your
franchisee with
·Leasing information if they are leasing a premise from the franchisor,
·Earning information on the franchise, including historical earnings data
and projected earnings,
·Copies of agreements your franchisee might have to enter due to the
partnership, such as security or confidentiality agreements.
Setting up a franchise can be a rewarding experience only if you do it
correctly. Hence, consult with a franchising expert and a lawyer before
making any critical decisions regarding the franchise. Ensure you have
gathered all the mandatory documents based on your industry and chose
a competent franchisee.
Endnote
5. About The Company
The Franchise Institute offers top-notch paid and free courses to help
businesses and investors learn about franchising in Australia. With over 15
years of experience, they know how to tailor their innovative programs to
the needs and regulations of every franchise for the best outcomes. They
can help you get ready to franchise your business within 12 months.
6. Contact Us
Level 1, 97 Grafton St Bondi Junction, 2022 NSW
Australia
1300855435
https://thefranchiseinstitute.com.au
info@thefranchiseinstitute.com.au
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