Franchise agreement

Which party needs to seek professional legal, accounting and business advice prior entering into the agreement?

• The franchisor

• The franchisee

Which pathway option allows you to own a business, under the guidance and licensing of a large business's head office.

• Buying an existing business

• Opening a new business

• Entering into a franchise agreement

When entering into a franchise agreement what is already established?

• employees

• business name

• organisational culture of the business

• business reputation

• polices and procedures

Who provides all marketing materials for the other party including branding, packaging and signage

• Franchisor

• Franchisee

Are Hilton Hotels considered a franchise?

• Yes

• No

Which party needs to undertake training and coordinate staffing needs of the business?

• Franchisee

• Franchisor

In the video Dr Buchan states "As a franchisee you will need to be confident that the franchisor will reinvent the brand before the concept fades as a fad".

What does she suggest potential franchisee do to ensure they are confident of this?

• Ask for the contract 14 days before

• Due Diligence

• Evaluate pathway options

• Only enter an agreement with one of the top 10 franchises in Australia

Due ____________ is the investigation or exercise of care that a reasonable business or person is expected to take before entering into an agreement or contract with another party.

Which party is the company that sets up the franchise arrangement and grants the licensing rights?

• The franchisor

• The franchisee