Existing methods of protecting franchisees and potential franchisees are not working. Here's a new solution.
Australia, Commonwealth of (Press Release) February 5, 2008 --
Recent reports indicate that “Some of the biggest brands in franchising are being accused of fraud, collusion, and unconscionable conduct against their franchisees” See Major franchise brands accused , Kristen Le Mesurier | October 19, 2007
http://smallbusiness.theage.com.au/growing/management/major-franchise-brands-accused-900007700.html
The “usual suspects” who are relied on to provide protection to franchisees are the following:
1. Franchisors:
See the above article (website) - Sounds a little like the fox guarding the hens!
2. Solicitors:
"Litigation is too expensive and time consuming...” (see above article)
3. Franchisee consultants:
Many stand to gain a benefit from promoting or suggesting particular franchises. This conflict of interest makes the advice tainted.
4. The Regulatory Authorities:
That assumes that they have the man-power & ability to assist you. That appears not to be the case. (See the above article).
SO THEN WHO IS PROTECTING POTENTIAL FRANCHISEES?
The cost & risk of enforcing legal rights necessitates that any franchisee does not reach the stage. The ultimate objective must therefore be for the Franchisee to avoid entering into a Franchise unless he is properly informed with regard to BOTH the franchise business & the franchise documentation.
This requires a rare set of skills that includes:
• Relevant Professional qualifications (Law/ Accounting/ Business), PLUS
• Substantial experience as a franchisor, PLUS
• Substantial experience in creating and operating businesses & franchises.
The Franchisees Advocate Group (www.franchiseesadvocate.com) is a newly created Australian business with this unique set of skills for safeguarding potential franchisees … BEFORE its too late.
UNIQUE: In addition to setting up & operating numerous well-known Australian businesses & franchises, The Franchisees Advocate Group’s experience includes drafting Disclosure Documents, Franchise Agreements, Operating Manuals etc.
This means that when they evaluate a franchise opportunity, they apply the combined knowledge and insight of all of the following: Franchisors AND Business Operators AND their Legal/Accounting training. This is a uniquely complete perspective of the franchise-business AND the franchise documentation (so that the prospective franchisee doesn’t land up with a great Franchise Agreement, but a lousy business).
The Franchisees Advocate Group is acutely aware of the necessity to keep franchisees costs low.
For more information regarding their services and a FREE first consultation visit
www.franchiseesadvocate.com
Acting for Australian franchisees … BEFORE it’s too late!.
http://smallbusiness.theage.com.au/growing/management/major-franchise-brands-accused-900007700.html
The “usual suspects” who are relied on to provide protection to franchisees are the following:
1. Franchisors:
See the above article (website) - Sounds a little like the fox guarding the hens!
2. Solicitors:
"Litigation is too expensive and time consuming...” (see above article)
3. Franchisee consultants:
Many stand to gain a benefit from promoting or suggesting particular franchises. This conflict of interest makes the advice tainted.
4. The Regulatory Authorities:
That assumes that they have the man-power & ability to assist you. That appears not to be the case. (See the above article).
SO THEN WHO IS PROTECTING POTENTIAL FRANCHISEES?
The cost & risk of enforcing legal rights necessitates that any franchisee does not reach the stage. The ultimate objective must therefore be for the Franchisee to avoid entering into a Franchise unless he is properly informed with regard to BOTH the franchise business & the franchise documentation.
This requires a rare set of skills that includes:
• Relevant Professional qualifications (Law/ Accounting/ Business), PLUS
• Substantial experience as a franchisor, PLUS
• Substantial experience in creating and operating businesses & franchises.
The Franchisees Advocate Group (www.franchiseesadvocate.com) is a newly created Australian business with this unique set of skills for safeguarding potential franchisees … BEFORE its too late.
UNIQUE: In addition to setting up & operating numerous well-known Australian businesses & franchises, The Franchisees Advocate Group’s experience includes drafting Disclosure Documents, Franchise Agreements, Operating Manuals etc.
This means that when they evaluate a franchise opportunity, they apply the combined knowledge and insight of all of the following: Franchisors AND Business Operators AND their Legal/Accounting training. This is a uniquely complete perspective of the franchise-business AND the franchise documentation (so that the prospective franchisee doesn’t land up with a great Franchise Agreement, but a lousy business).
The Franchisees Advocate Group is acutely aware of the necessity to keep franchisees costs low.
For more information regarding their services and a FREE first consultation visit
www.franchiseesadvocate.com
Acting for Australian franchisees … BEFORE it’s too late!.
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