Understanding the Franchising Code of Conduct
Written on the 24 March 2008 by Elisabeth Ritchie
Franchising is a method of expanding your business. It involves the granting of rights to another person (the ‘Franchisee’) to distribute your products or services in conjunction with your name or mark and pursuant to a particular method or business plan.
Under the Code franchisors are required to provide certain information to franchisees, namely;
It is important that you have an understanding of this code before you sign any contracts or hand over any money to a franchisor. If the franchisor does not follow the regulations listed in the Code, it is recommended that you seek further advice from your lawyer or suspend your negotiations with them.
For more information on the Code, visit the Franchise Council of Australia.
Prepared by Elisabeth Ritchie, Partner, Home Wilkinson Lowry
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