Franchise Act

The Franchise Act is legislation that governs how franchising businesses operate. It sets out requirements for transparency, ensuring franchisees receive clear information about the franchise opportunity, costs, and agreements before they commit. The Act aims to protect franchisees from unfair practices by requiring franchisors to provide necessary disclosures and follow fair business standards. It also outlines the rights and responsibilities of both parties, promoting honest relationships and reducing potential conflicts. Overall, the Franchise Act helps create a balanced and transparent environment for franchising, fostering trust and accountability in franchise relationships.