Knights plc

This Practice Note highlights some of the key provisions in franchise agreements and in a franchise context that help reduce the risk of disputes arising between franchisor and franchisee.

This Precedent letter of confirmation of legal advice is to be sent from the adviser of a franchisee to the adviser of a franchisor. It confirms that the franchisee (and the principal of the franchisee) has received legal advice in relation to the franchise agreement and in particular in relation to any onerous provisions of it.

This Precedent letter of waiver is to be sent from the franchisee to the franchisor. It confirms that the franchisee has not opted to receive legal advice in relation to the negotiation and execution of the franchise agreement and in particular in relation to seeking advice on any onerous provisions within it. The letter of waiver is executed as a deed.

This is a Checklist of issues for a franchisee to consider prior to committing to enter into a franchise agreement or purchase an existing franchise. Taking a franchise is often a substantial financial investment and long term commitment for a franchisee and it is important they fully understand what they are getting into.

This Checklist is for a franchise disclosure document or franchise verification documentation. It provides a list of the key elements for the franchisor to include within the franchise disclosure document or franchise verification documentation, to support its standing as a franchise business.

This is a Checklist for taking instructions from either a franchisor or franchisee in relation to a proposed franchise agreement.