I have a business and would like to start granting franchises, what is the first step?
Answered by Warren Scott from Mills Oakley Lawyers
At a minimum you will require a franchise agreement, a franchise dislosure document and independent advice certificates. A franchisor is required by law to meet some basic requirements that ensure that its franchisees are informed about the relationship they are embarking upon and that ensure that franchisees are informed about key events that may impact upon the franchisors ability to provide the services the franchisor has agreed to provide. These obligations for the franchisor are set out in the Franchising Code of Conduct.
About Warren Scott
Warren Scott is the Partner at Mills Oakley Lawyers. Warren is a recognised expert in franchising law. He heads the Mills Oakley franchising team, which offers a premium service nationally. Warren advises both franchisors and franchisees.
You should always check independently that an ask an expert answer published on Franchise Business applies to your particular circumstances.
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