Rankin Business Lawyers’ Post

There are significant changes coming to the franchising industry. New regulations and a re-drafted Franchising Code of Conduct are set to begin from 1 April 2025. The Franchising Code of Conduct (the Code) aims to ensure fairness in the franchising sector by addressing potential issues resulting from the power imbalance between franchisors and franchisees. Both franchisors and franchisees must follow the Code, and are required to act in good faith in their business dealings with each other. The Code also covers rules relating to: 👉🏻 the information that franchisees must receive prior to entering an agreement 👉🏻 cooling-off periods for and early termination of franchise agreements; and 👉🏻 dispute resolution processes, including arbitration prior to court proceedings. You can find out more about the changes by visiting our most recent blog post here - https://bit.ly/3YXaJA2 #rankinbusinesslawyers #rbl #melbournelawyer #businesslaw #lawfirm

Annual Meeting Highlight: W-8: Domestic Conflict of Laws Basics for Franchise Attorneys Speakers Dean Fournaris (Wiggin and Dana LLP) and William Sentell, CFE (Akerman LLP) will walk workshop attendees through the maze of domestic conflict of laws basics, including addressing the applicability of potential laws when the franchisor, franchisee, and franchised business are located in different states. This workshop will also address the interplay between choice of law clauses, various state statutes, and underlying conflict of laws rules, which may yield surprising results. The workshop includes practical guidance and drafting considerations for raising (and avoiding) these issues in litigation or arbitration. https://lnkd.in/gmpytNcQ

💡The Future of Franchising Code of Conduct: What You Need to Know   The Exposure Draft of the Franchising Code proposes big changes for franchisors and franchisees alike.   Key updates include changes to termination provisions and the introduction of mandatory guardrails.   Contact Quest Legal today to ensure your business is prepared.   Here is an article highlighting the upcoming changes: https://lnkd.in/gFUdiCx8   #FranchiseLaw #LegalAdvice #QuestLegal

💡The Future of Franchising Code of Conduct: What You Need to Know   The Exposure Draft of the Franchising Code proposes big changes for franchisors and franchisees alike.   Key updates include changes to termination provisions and the introduction of mandatory guardrails.   Contact Quest Legal today to ensure your business is prepared.   Here is an article highlighting the upcoming changes: https://lnkd.in/gsCCqbS2   #FranchiseLaw #LegalAdvice #QuestLegal

📜Big Changes Ahead for Franchising Code of Conduct (Code)!   The Treasury’s Exposure Draft of the new Franchising Code is set to bring significant changes, including new mandatory requirements for franchisors. With no transitional provisions, businesses must start preparing now. Are you ready for the Code’s 1 April 2025 rollout?   Find out more https://lnkd.in/gFUdiCx8   #FranchisingLaw #BusinessCompliance #QuestLegal

📜Big Changes Ahead for Franchising Code of Conduct (Code)!   The Treasury’s Exposure Draft of the new Franchising Code is set to bring significant changes, including new mandatory requirements for franchisors. With no transitional provisions, businesses must start preparing now. Are you ready for the Code’s 1 April 2025 rollout?   Find out more https://lnkd.in/gFUdiCx8   #FranchisingLaw #BusinessCompliance #QuestLegal

The iclg (international comparative legal guides) Franchise 2025 guide by BSA LAW provides an in-depth look at franchise regulatory landscape, offering insights into international franchising laws, legal obligations for franchisors and franchisees, and key updates in the sector. In this insightful piece, Felicity Hammond, Senior Associate, stresses the importance of understanding cross-border regulatory landscapes to promote sustainable franchise growth. To read the full article, please follow the link: https://lnkd.in/e_GnqVpg #FranchiseLaw #GlobalBusiness #ICLG2025 #LegalInsights #FranchiseCompliance

Franchise law compliance is essential for ensuring that both franchisors and franchisees operate within the legal framework established by local and international laws. Key Components of Compliance ► Franchise Disclosure Documents (FDD): Franchisors are often required to provide an FDD, detailing essential information about the franchise system, fees, obligations, and financial history. ► Registration Requirements: Some jurisdictions mandate registration of the franchise and the FDD with local authorities. ► Contractual Agreements: Franchise agreements must be comprehensive, outlining the rights and obligations of both parties, fees, intellectual property usage, and termination terms. ► Advertising and Marketing Compliance: Promotions must align with legal guidelines and avoid deceptive practices. Non-compliance can result in hefty fines, legal disputes, reputational damage, and even the loss of the franchise license. Ensuring compliance fosters trust, protects intellectual property, and creates a stable foundation for long-term success. At The In-House Company (THINC), we specialize in navigating the complexities of #franchise law. Whether you’re setting up a franchise or managing compliance issues, we provide tailored #legal advice to ensure you stay protected and thrive in your #business journey.

📜Big Changes Ahead for Franchising Code of Conduct (Code)!   The Treasury’s Exposure Draft of the new Franchising Code is set to bring significant changes, including new mandatory requirements for franchisors. With no transitional provisions, businesses must start preparing now. Are you ready for the Code’s 1 April 2025 rollout?   Find out more https://lnkd.in/gsCCqbS2   #FranchisingLaw #BusinessCompliance #QuestLegal

The Federal Government has responded to Dr. Schaper’s Review with major reforms to the Franchising Code of Conduct.   From simplifying obligations to introducing penalties, these updates aim to improve transparency and fairness in franchising.   How will those proposed changes impact your franchise business?   Get the details on what’s next for franchisors in our latest blog.   https://lnkd.in/gfmy9Gv2