What is the Franchising Code of Conduct?

Anyone considering a franchise should be familiar with the Franchising Code of Conduct, which is administered by the ACCC.

The Code of Conduct offers legal protection to franchisees and covers your minimum obligations and rights, what information franchisors must provide, aspects that every franchise agreement must include, and mediation procedures in the event of a dispute.

Remember that although the Code of Conduct sets out minimum standards of conduct and disclosure, it does not replace professional advice from a business advisor, accountant or solicitor.

What is the franchising code of conduct?