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Since the
introduction of the Franchising Code of Conduct (Code) in 1998,
there is a legal footprint across all activities in franchising.
This has brought an improved minimum standard to the sector
and provides comfort for Franchisors, in that there is little room
for less than fair dealings and practices.
The 'watchdog' over the sector is the Australian Competition and
Consumer Commission (ACCC) which holds its authority under the
Trade Practices Act.
Franchising today is a serious business and every step must be
considered fully to avoid any contravention of the Code and Trade
Practice Regulations.
In light of the Code and sound business practice, the following
documents are the sensible minimum required to detail and control
the formation of a franchise business: -
- Franchise
Agreement
- Disclosure
Document
- Business
Plan
- Marketing
Information Brochure
- Operations,
Procedures and Training Manuals
- Franchise
Performance Review Manual
- Site
Selection Manual
- Franchisee
Recruitment Manual
- Code and
Trade Practice Compliance Manual
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