Special
What is a Franchise? A franchise business is a special relationship of mutual effort governed by a franchising agreement. It provides a shared opportunity for growth through guidance and good faith obligations between the franchisor and franchisee. What is a franchise? Usually it is a relationship governed b y a franchising agreement. The Franchising Code […]
Good Faith – what does it mean?
Good Faith Obligations Under the Australian Franchising Code of Conduct In Australia, the Franchising Code of Conduct (the Code) imposes a critical obligation on both franchisors and franchisees to act in good faith in their dealings with each other. This requirement is designed to ensure fairness and equity within franchise relationships and is a fundamental […]