I would like to become a franchisor, what is the first step?

Sarah Stowe

The first step is to become familiar with the requirements for granting franchises. 

The Franchising Code of Conduct requires you to meet certain criteria before you grant your first franchise. 

You will need to determine the commercial terms and document them in a franchise agreement.  Y

ou will also need a disclosure document, in the specific format required by the Franchising Code of Conduct, as well as certificates about independent advice. 

You will need advice from a lawyer who specialises in franchising to ensure that you are compliant.