It is anticipated that the changes to the Franchising Code of Conduct will be finalised at the end of this month. If that is the case, with a commencement date of 1 January, 2015 and a Christmas holiday period in between, November and December may be very busy months indeed. Although the revised Code may not be available til the end of October, we have a pretty good indication of what changes we can expect. In order to avoid a last minute rush during a typically busy time of th...

The revised Franchising Code of Conduct is expected to be finalised within the next few weeks. The changes are anticipated to come into effect from 1 January, 2015. Franchisors are stil required to have revised their current disclosure documents by the end of October, 2014 in accordance with the requirements of the current Franchising Code of Conduct. However, Franchisors will need to have reviewed their disclosure documents yet again to reflect the new Code amendments by 1 Jan...

 If you are buying a pre-exisitng franchised business there are a number of components to that transaction. These include: 1. The contract More often than not the parties will enter into a REIQ contract for business sale. It is really important that special conditions are inserted into that contract which reflect the requirements of the franchisor and the franchise agreement. It is also important to consider the specific provisions of the contract including how emp...