Business Practice Area: Purchase of Franchise Specialisation

The Purchase of Franchise specialisation is an important part of the business practice area in New Zealand. It helps people and companies who want to buy a franchise. A franchise is a way of running a business where you use the name, products, and systems of an established brand.

What is a Franchise?

For example, if you want to open a fast-food restaurant, you might choose to buy a franchise from a well-known chain like McDonald's or Subway. This means you get to use their brand and follow their business model, which can make it easier to succeed.

Why is Legal Help Important?

Buying a franchise involves many legal steps. In New Zealand, there are specific laws that protect both the franchisee (the person buying the franchise) and the franchisor (the company offering the franchise). Legal help is important to ensure that you understand your rights and responsibilities.

What We Do

In this specialisation, we help you with:

• Understanding Franchise Agreements: We explain the contract you will sign, which outlines what you can and cannot do as a franchisee.
• Due Diligence: We assist you in checking the franchise's background, including its financial health and reputation.
• Negotiating Terms: We help you negotiate better terms in your franchise agreement, ensuring you get a fair deal.
• Compliance with New Zealand Law: We ensure that everything you do follows New Zealand laws, including the Franchising Code of Practice.

Conclusion

Buying a franchise can be a great way to start a business, but it is important to have the right legal support. Our team is here to guide you through the process, making sure you make informed decisions and protect your investment.