On 15 January 2022, the Minister for Small Business announced an extension to the Commercial Tenancy Relief Scheme. The extended scheme will now run until 15 March 2022, allowing eligible tenants rent relief until that date from 15 January (which is the date the 2021 Regulations would otherwise have ended). The enabling legislation allows the…
MST Lawyers is delighted to announce the appointment of Evelyn Marcou as a Principal of the Firm.
When parties enter into a commercial agreement, they may seek to safeguard their commercial interests in certain events by way of a restraint clause (Restraint Clauses). Restraints Clauses are often found in commercial agreements, such as partnership or shareholders agreements, franchise agreements and business or share sale agreements and employment agreements.
Franchising continues to be a successful sector of the economy.
One of the main attractions of franchising for new entrants to the small business community is that there is usually less risk associated with buying a franchise in an established and proven franchise system that has achieved substantial brand recognition as opposed to establishing a totally new business.
However, as with setting up any new business, there are risks and many issues which must be considered prior to making the decision and signing any agreements to buy a franchised business.
So if your New Year’s Resolution is to buy a franchise the following are 10 tips that you should consider before buying a franchise.