Buying a franchise can be an exciting and rewarding experience, however, there are some things you need to know about your rights and obligations under the Franchising Code of Conduct.
The Franchising Code of Conduct is a mandatory industry code across Australia that regulates the conduct of franchising participants towards each other.
Buying a franchise can be an exciting experience. However, before you commit to a franchise opportunity, it’s important that you understand your rights and obligations under the Code.
Under the Franchising Code of Conduct, parties who enter, or propose to enter, into a franchise agreement must act in good faith towards one another. This means that both current and prospective franchisees and franchisors must act in good faith in their business dealings with each other.
