I want to franchise my business, what is involved?
Answered by Katarina Klaric from Stephens Lawyers & Consultants
Joining the growing Australian franchise market requires strategic planning combined with an understanding of the market and regulatory system. Before embarking on a franchising system, you must protect your intellectual property and trademarks.
No special licence or registration is needed for a business to commence franchising in Australia. However, you must comply with the Franchising Code of Conduct which is a mandatory code of conduct prescribed under the Trade Practices Acts 1974 (Cth).
Before franchising, your business needs to be well established and have a successful trading history, at least 5 years of operations is recommended. The costs of franchising a business vary, and will depend upon the complexity of the business to be franchised.
For further franchising legal advice including protection of intellectual property and all legal documentation required to operate a franchise business, visit Stephens Lawyers & Consultants' company page and send us an enquiry or visit our website to see our publication: “Franchising in Australia”.
No special licence or registration is needed for a business to commence franchising in Australia. However, you must comply with the Franchising Code of Conduct which is a mandatory code of conduct prescribed under the Trade Practices Acts 1974 (Cth).
Before franchising, your business needs to be well established and have a successful trading history, at least 5 years of operations is recommended. The costs of franchising a business vary, and will depend upon the complexity of the business to be franchised.
For further franchising legal advice including protection of intellectual property and all legal documentation required to operate a franchise business, visit Stephens Lawyers & Consultants' company page and send us an enquiry or visit our website to see our publication: “Franchising in Australia”.
About Katarina Klaric
Katarina Klaric is the Partner at Stephens Lawyers & Consultants. Katarina has over 20 years' experience in franchising and intellectual property law. She is a member of the FCA.She has set up franchise operations in Australia for both local and international companies.
You should always check independently that an ask an expert answer published on Franchise Business applies to your particular circumstances.
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