Buying a franchise is quite different to setting up your own business. An important first step is to make sure you suit the franchising system and that you evaluate the franchise you’re interested in.
The Franchising Code of Conduct is a mandatory industry code of conduct that has the force of law under the Trade Practices Act 1974.
To find out more information about franchising please refer to the links below;
- Franchising Code of Conduct is a mandatory industory code that applies to the parties regarding a franchise agreement. The Australian Competition and Consumer Commision regulates this code.
- If you are considering purchasing a franchise, Business Victoria have a Checklist and information available. This includes different systems of franchising and tasks that should be considered before commiting to a franchise.