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Business & Commercial Law FAQ - When you buy a franchise does a lawyer need to be involved to assist me?

Date: March 03, 2011

Q. When you buy a franchise does a lawyer need to be involved to assist me? If so what are the major risk areas for me?

A. You need to ensure that you obtain a disclosure document, code of practice, franchise agreement including any information relating to the use of intellectual property, licensing agreement not already included in the franchise agreement and, where it involves leased premises a copy of the lease at the very least.

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