Compliance with regulatory and legislative requirements is of critical importance, but is often overlooked or placed behind other business priorities. A failure of compliance may result in serious consequences and a significant cost to your business.
The purchase of a franchise requires a full investigation of all matters relevant to your decision to buy the franchise. This includes legal advice that informs you not only of legal rights and obligations but the underlying commercial risks.
It is critical that you understand the terms of the loan, particularly, the security and guarantees you are asked to give and the implications of exposing your personal assets to the debts of the business.