Commercial Law

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ASIC issues infringement notices for false advertising

Thursday, October 02, 2014

Since January 2014, ASIC has issued 12 infringement notices for false or misleading advertising.  ASIC maintains a public register where copies of the infringement notices are available.

Contact our Business Lawyer Parramatta if you have questions or concerns about potentially misleading advertising.

Phillip Brophy – phillipb@matthewsfolbigg.com.au or 9635 7966

Delegating authority

Monday, September 29, 2014

When delegating power and authority within an organisation it is imperative to ensure that this power is not abused. In order to avoid risk and liability, only duly authorised employees should be given power to make legally binding decisions on behalf of their organisation.

If you would like further information or legal advice from a commercial lawyer, contact Matthews Folbigg to speak to our commercial team.

Phillip Brophy – phillipb@matthewsfolbigg.com.au or 9635 7966

Laura Willis – lauraw@matthewsfolbigg.com.au or 9635 7966 

Thinking about purchasing a franchise? Ask a commercial lawyer for advice

Monday, September 29, 2014

If you have ever thought about purchasing a franchise you should firstly obtain the advice of a commercial lawyer. Here are a few tips to consider:

·         Does this franchise suit your lifestyle? You should do some research into the time and expertise required to carry on the franchise business.

·         Have a business plan – ensure you obtain advice in order to have a well-rounded appreciation of the risks involved in operating a franchise.

·         Due diligence – is the franchise you are buying a viable business? Can you speak with current franchisees to get further insight into the day-to-day operations of the business?

·         Obtain advice from a commercial lawyer. A franchise agreement may include hidden costs and fees that you may not be aware of. A commercial lawyer can provide advice to ensure you are well informed of your legal responsibilities and liabilities.  

Contact our commercial team at Matthews Folbigg Parramatta for comprehensive legal advice on your franchise agreement.

Phillip Brophy – phillipb@matthewsfolbigg.com.au or 9635 7966

Laura Willis – lauraw@matthewsfolbigg.com.au or 9635 7966

ASIC and misleading advertising

Monday, September 29, 2014

ASIC Regulatory Guide 234 called “Advertising financial products and services (including credit): Good practice guidance” provides guidance for advertisers regarding their legal obligation not to make false or misleading statements.

Contact our Business Lawyer Parramatta if you have questions about your business advertising.

Phillip Brophy – phillipb@matthewsfolbigg.com.au or 9635 7966


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