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What is a General Security Agreement
A General Security Agreement (GSA) is the most common form of personal property security used to secure commercial loans and other business obligations owed to a financial institution or other creditor (Secured Party) including a franchisor. A G...
10 critical steps when buying a franchise
So you’ve decided to become a franchisee. That’s great news but let’s take a look at the top 10 things you need to do when buying a franchise:(1) Make sure you have given proper consideration to why you want to be a franchisee. Are you just bored i...
Steps to take when selling your franchise
When you’ve made the decision to sell your franchise, there are several important steps to take so that you get the price you want and the transaction runs smoothly.(1) First things first, read the franchise agreement and get a good understanding of...
Why does the Franchisor want me to sign a General Security Agreement?
In franchising, you will find that it is standard practice for the franchise agreement to provide the Franchisor the right to register on the Personal Property Security Register which you can find at www.ppsr.gov.au. The security interest that will...
Warning signs when doing due diligence on a business
When buying a business, there are many things to consider and review to ensure you are uncovering any skeletons or issues. Generally, the seller will be quite helpful with any information required as they want the sale to go ahead, however make sure...
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