Posted by Elizabeth Gore-Jones
on 4 July 2023
The Franchise Disclosure Season has started.
Franchisors will need to update the following prior to 31 October 2023:
1. Disclosure Document;
2. Key Facts Sheet; and
3. Franchise Disclosure Register.
This year, Franchisors should be reviewing their Franchise Suite of Documents to remove any Unfair Contract Terms. From November 2023 Franchisors could be liable for a penalty up to $50 million if they include Unfair Contract Terms in their Suite of Documents.
Author:Elizabeth Gore-JonesAbout: Elizabeth specialises in franchising law. She lectures at Bond University PLA in franchising, she sits on the Queensland Law Society Franchising Committee, she is a past member of the Women in Franchising committee and a past member of the Franchise Council of Australia.
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