A four-year legal battle between pizza chain, Domino’s and GPS technology company, Precision Tracking has effectively come to an end following the announcement of a confidential settlement.
Exiting an investment prior to the completion of the agreement is often a lengthy and time-consuming process, but one franchisee has taken things into her own hands, quite literally.
Keeping a cap on infrastructural risk in business has its growing challenges, but it is also providing solid opportunities in franchising.
The initial stages of setting up a business as a franchise can be extremely tedious and expensive. It is often very tempting to search the internet for franchise documentation of brands operating in similar fields to your business and then try to put together a cut-and-paste version.
Every franchise needs to undergo a health check to ensure paperwork, systems and processes are all in order. There is no such thing as ‘set and forget’ in relation to legal aspects of a franchise business.
Franchisors should have already amended their franchise agreements to comply with the Code. If you have not done so it is not too late but your lawyer should immediately review your franchise agreement and any amendments required should be made as soon as possible.