Full Record

The introduction of a mandatory code will have a significant impact on how the franchisors conduct their business operations. The code introduced by the federal government to regulate the Australian franchising industry, shares many similar features with its US counterpart. A comparison of the two may provide useful information on what local franchise operators can expect under the new regime ; Headinsg include: what is franchising - the Code's definition - the FTC Rule's definition - US states definition; disclosure obligations; practical consioderations - intellectual property - marketing or cooperative funds - payments - earnings information - termination; possible contention - frequently litigated issues - non-application of the Code - frantional franchise exemption; administration and enforcement - remedies - standing to initiate proceedings - personal liability ; US Federal Trade Commission (FTC)