Uncertainty reigns with Wein’s proposed changes to the Franchise Code
“Jamie” runs a video store franchise. He has been in ongoing dispute with the franchisor over various issues, including delays
Franchisees purchase a franchise based on the brand, system, intellectual property and or product or service, which it delivers. What
The Retail Leases Act (NSW) (the ÒActÓ) and similar legislation in other states govern retail leases, granting valuable rights to
Termination of a Franchise Agreement can occur in two circumstances in accordance with the Franchising Code of Conduct; when there
In most cases selling a franchise business can be cumbersome and stressful at the best of times. The secret to
Much of the concern expressed in the Opportunity not Opportunism Report related to end-of-term arrangements and there are a number
The report identified a number of areas in which opportunistic conduct was a concern including: Unforeseen capital expenditure Unilateral contract
The proposals for new enforcement powers are very significant and include: Pecuniary penalties ( in effect fines of up to
The Government has indicated that the reforms envisaged, and the March 2008 Code amendments will be reviewed in 2013. It
The long anticipated amendments to the Franchising Code of Conduct as a result of the Opportunity not Opportunism and the
You should check your franchise agreements for the requirements of renewing the term. Typically, you will need to: Give written