Franchisors, it’s time to update the Franchise Disclosure Register
A year ago, franchisors in Australia were required under the Franchise Code of Conduct (Code) to create a profile and upload their information onto the
A year ago, franchisors in Australia were required under the Franchise Code of Conduct (Code) to create a profile and upload their information onto the
Too often, Coleman Greig sees franchisees bypass the vital task of conducting their own due diligence prior to buying a franchise on the basis that it is too expensive, or that it delays the sign-up process. Instead of viewing due diligence as an expense to the business, franchisees should view the process as an investment, as it provides critical knowledge required to make calculated decisions.
Section 558B of the Fair Work Act states that a franchisor can be held liable for any breach of The Act made by a franchisee, unless they are able to prove, among other things, that they had previously taken reasonable steps to prevent the breach.
Are you ready to grow your business, but you’re not sure whether to look towards licensing or franchising? Peter Stewart takes a look at the pros and cons of both options.
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