You are here:   Your Business
Register   |  Login

Franchise Code Changes (1 July 2010)

There have been a number of amendments to the Franchising Code effective since 1 July 2010. In summary these changes aim to better protect franchisees.


The recent amendments are as follows:

Disclosure Requirements

Franchise Failure

Disclosure document must now provide that, like any business, the franchise (or franchisor) could fail, and that this could have consequences for the franchisee.

Payments to TPs

Franchisor must now disclose details of any payments that are within the franchisor’s knowledge or control, or are reasonably foreseeable by the franchisor, that are payable by the franchisee to a person other than the franchisor (or an associate of the franchisor). (Previously, the franchisor was only required to disclose payments payable by the franchisee to the franchisor (or an associate of the franchisor) or to be collected by the franchisor (or an associate of the franchisor) for another person.)

Significant Capital Expenditure

A franchisor must now disclose whether it will require the franchisee—through the franchise agreement, the operations manual (or equivalent) or any other means—to undertake unforeseen significant capital expenditure that the franchisor did not disclose before the franchisee entered into the franchise agreement.

Attribution of Legal Costs

A disclosure document must now state whether the franchisor will attribute the franchisor’s costs incurred in dispute resolution (including legal costs) to the franchisee.

Unilateral Variation

For franchise agreements entered into in the financial year starting on 1 July 2011, 1 July 2012 or 1 July 2013, franchisors are now required to disclose the circumstances in which they have unilaterally varied a franchise agreement since 1 July 2010. For franchise agreements entered into after the financial year starting on 1 July 2013, franchisors must now disclose the circumstances in which they have unilaterally varied a franchise agreement in the last three years. Franchisors are also now required to disclose the circumstances in which they may unilaterally vary the franchise agreement in the future.

Confidentiality

Franchisors must now disclose whether they will impose a confidentiality obligation on a franchisee and, if so, details of the matters the obligation may cover. These include:

  • outcomes of mediation;
  • settlements;
  • intellectual property;
  • trade secrets; and
  • particular aspects of individual agreements, such as fees.

Termination/Renewal Conditions & Costs

Disclose details of the arrangements that will apply at the end of the franchise agreement (e.g. options to renew, extend scope of franchise or enter into a new agreement, exit payments, details applying to unsold stock, marketing material and how prices will be determined, rights to sell the business at the end.)

Transfer or Novation

A franchisor must disclose whether it will amend or require the amendment of the franchise agreement on or before the transfer or novation of the franchise.

Terms

The concept of novation has been introduced into the code. Novation is defined as the termination of a franchise and entry into a new franchise with a proposed transferee on the same terms as the terminated franchise. The rules that apply to transfer now also apply to novation.

Notice of Renewal

A franchisor is now required to notify a franchisee at least six months before the end of the term of the franchise agreement of the franchisor’s decision:

· to renew or not to renew the agreement; or

· to enter into a new agreement.

If the term of a franchise agreement is less than six months, the franchisor must notify the franchisee of its decision at least one month before the end of the term of the agreement.

Good faith

Nothing in the code limits any common law obligation of good faith that applies to the parties to a franchise agreement.

Dispute Resolution

Reconciliatory Manner

The code states that if either party refers a dispute to a mediator, both parties must attend the mediation and try to resolve the dispute.

The code now provides that a party will be taken to be trying to resolve a dispute if they approach the resolution of the dispute in a reconciliatory manner, including by:

  • attending and participating in meetings at reasonable times;
  • at the beginning of the mediation process, making their intentions clear as to what they are trying to achieve;
  • observing any applicable confidentiality obligations; and
  • not damaging the reputation of the franchise system (e.g. by providing inferior goods or services).

Costs of Mediation

The parties to a dispute are equally liable for the costs of mediation unless they agree otherwise.

The code now provides that costs of mediation include:

  • the cost of the mediator;
  • the cost of room hire; and

the cost of any additional input agreed by both parties to be necessary (including expert reports).

print



rating
  Comments

More reading...

   Minimize

Australian representative services

We offer a comprehensive range of professional services to businesses looking to establish a presence in the Australian market. Read More..


Solution Brief – Universal Constitution™

Constitutions are often neglected - that is, until something goes wrong within the Company's management, or among the shareholder base. At this point in time it becomes the focal point, and is often found wanting in detail as to how to resolve the relevant issue. Read More..


Why buy a document from a lawyer?

Like many things these days, documents are readily available off the web. You can pretty much get a document on anything for little or no money. So the questions arises, why would you pay a significant fee to a lawyer to get access to a document? What is the difference between a FREE document off the web, and an apparently equivalent document that a lawyer charges $2,000 for? This is a question every good lawyer needs to ask themself, and have a good answer for. Read More..


Clark v Inglis – What is “Trust Law Income”

A recent Court of Appeal decision in New South Wales has held that "unrealised capital gains" can form part of "income" for trust law purposes (i.e. as part of " Trust Law Income "). While this does not mean that more tax will necessarily arise to the Trust or Beneficiaries, there are potential tax consequences. Read More..


Solution Brief – Universal Buy-Sell Deed™

A Buy-Sell Deed is one of the most powerful legal documents you are likely to enter into. Do not get it wrong. When you sign a Buy-Sell Deed you are effectively selling your business. You need to take the same care you would if you were dealing with a third party buyer. But even more so – because you could potentially be giving your business away… Read More..


Solution Brief – Discretionary Trusts

A “Discretionary Trust” is a commonly used structure for holding investments and carrying on small to medium sized businesses. Read More..


Franchise Code Changes (1 July 2010)

There have been a number of amendments to the Franchising Code effective since 1 July 2010. In summary these changes aim to better protect franchisees. Read More..


Debt Recovery Services

SCL Andreyev Doman understands the challenges of recovering debts and the need to collect debts as quickly as possible. Read More..


Unfair dismissal – Small Business Employer?

What is a “Small Business Employer”? Glad you asked! Read More..


New South Wales Stamp Duty Concessions on Transfer of Property from a Member to a Self-Managed Superannuation Fund

In certain circumstances you can now transfer NSW real property to your super fund with only nominal stamp duty. Read More..


People who can help

   Minimize

Andrew Andreyev

Andrew is well known for his business and investment structures, as well as his breadth of practical knowledge in the area of corporate, taxation and superannuation law. Read More..


Millie Telan

Millie specialises in both Federal and State taxation laws. Read More..


Catriona Hartigan

Catriona is a Senior Associate in our Business Law Practice. Read More..


Katrina Jacobs (nee Freeman)

Katrina is a Senior Associate working in our Business Law Practice and our Disputes Practice, with a focus on complex Estate Planning. Read More..


Hannah Andreyev

Hannah acts as Special Counsel within our Business Law Practice, with a dual focus on both Wills & Estates, as well as IP and IT law. Read More..


Louise Craven

Louise is an Associate working in both our Business Law Practice and our Disputes Practice. Louise brings a very practical and efficient approach to her matters. Read More..


Send us a message





Send

 

Phone 1300 654 590   Fax 1300 656 398
Level 3, 105 Pitt Street, Sydney NSW 2000
Level 2, 255 Pulteney Street, Adelaide SA 5000