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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...
Are prenups worth the paper they’re written on?
Pre-nups in Australia are created in a agreement called a Binding Financial Agreements (“BFA”) which can be used for both married and de facto couples during their relationship to document what they want to happen to their assets in the event that th...
10 things to watch for in Disclosure
So you’re keen on a franchise and have started the application process and engaged a franchising lawyer to review everything, but what should you be looking for in the Disclosure Document? Let’s look at the top 10 things to watch for:(1) Franchisor’...
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