Suekjin Park
Special Counsel
Why Franchisees ask the wrong questions before buying a Franchise
Franchising provides a compelling opportunity for enthusiastic entrepreneurs who wish to operate their own business but are cautious about commencing a venture entirely from the beginning. Usually, Franchisees will have their brand and marketing arranged by the Franchisor. Additionally, franchisees will receive training and marketing assistance as part of the package. The presented opportunity is […]
The Critical Importance of Early Legal Advice in Business Disputes
The Critical Importance of Early Legal Advice in Business Disputes In the often unpredictable realm of business, disputes are common in a bustling economy such as Australia. These disagreements range from internal conflicts to disputes over service provision and contractual misunderstandings. However, the bedrock of successfully navigating these challenges lies not only in devising […]
Franchise Renewal – Uncovering the Hidden Costs
Key Takeaways Franchising is a popular business model worldwide, offering entrepreneurs the opportunity to operate under an established brand. In Australia, franchise law governs the relationship between franchisors and franchisees, providing a framework for agreements and renewals. In this article, we delve into the often-overlooked aspect of franchise renewal—the hidden costs that may catch […]
Franchise Agreement Renewal in Australia: Pros and Cons
Key Takeaways Franchise agreements are the backbone of the relationship between franchisors and franchisees, shaping the course of business ventures. In Australia, the renewal of these agreements is a pivotal juncture that demands careful consideration. This article delves into the intricacies of renewing a franchise agreement in the Australian legal landscape, shedding light on […]
Franchise Agreement Renewal in Australia
Key Takeaways A core component of a franchising relationship is the franchise agreement, which outlines the terms and conditions governing the relationship between franchisors and franchisees. This article explores some of the complexities of franchise agreement renewal in the context of Australian franchise law, providing insights and guidance for those seeking to extend their franchise […]
What does a Franchise Lawyer do?
Key Takeaways In the fast-paced world of franchising, legal matters can often be the difference between success and failure. Whether you are a franchisor or a franchisee in Australia, understanding the intricacies of franchise law is crucial. This article delves into the role of franchise lawyers and why every franchisee should have one in their […]
Buying a Franchise Business in Australia: Pros and Cons
Key Takeaways Introduction Investing in a franchise business in Australia can be an enticing opportunity. With the promise of an established brand, a proven business model, and ongoing support, many aspiring entrepreneurs are drawn to the world of franchising. However, like any business venture, buying a franchise comes with its own set of advantages and […]
Franchise Due Diligence: Your Roadmap to Success
Key Takeaways: In the world of franchising, the potential for success is enticing. Owning a franchise in Australia offers the opportunity to run a business with the support of an established brand and proven business model. However, before you embark on this journey, it’s vital to conduct meticulous due diligence to ensure that you’re making […]
Buying a Franchise : Factors to Consider
Key Takeaways When considering buying a franchise in Australia, it’s essential to be well-informed about the legal landscape and the factors that can influence your success in this venture. Franchise law in Australia is designed to protect the interests of both franchisors and franchisees. This article will delve into the critical aspects of franchise law […]
