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Westfield have recently advised a number of retail franchisors that Westfield will no longer accept bank guarantees from franchisees for new retail leases where the head lease is held by the franchisor.
Proposed amendments to the Trade Practices Act may mean that commonly used clauses in franchise agreements will be void. Read on to learn how this might affect future franchise agreements.
A recent decision of the Federal Magistrate’s Court demonstrates the problems caused by signing a “Pre-Nup” on the eve of the wedding and highlights the requirements of full financial disclosure before the Agreement is signed.
In a surprise move, Minister for Employment and Workplace Relations Julia Gillard has requested the Australian Industrial Relations Commission to draft a modern award to cover restaurants and cafes that would otherwise have been bound by the modern general hospitality industry award.