Key Practice Areas
Finished With Franchising
Case Reference: 151876
The Situation: Our client operated two mobile skilled tradesperson franchise businesses across South East Queensland and had decided to sell.
After obtaining all relevant business documentation from our client, we reviewed and advised on the assignment provisions of the franchise agreement. We then worked closely with our client and the franchisor to obtain franchisor consent to the assignment of the franchise and confidently completed the steps required to effect the transfer of the business and franchise, including drafting and negotiating the business sale contract and special conditions.
The Result: With all of the legal aspects of the sale of the franchise businesses addressed, our client was able to complete the sale of its franchise businesses, without delay or risk.
As every case is different, the cases reported here cannot be taken as an indication of a similar outcome being likely in your case, and these reports are not to be taken as legal advice about your particular situation.