The Franchise Act

The Franchise Act is a legal framework that regulates franchise agreements between franchisors (companies offering the franchise) and franchisees (individuals or businesses that operate the franchise). It aims to protect franchisees by ensuring they receive important information about the franchise, such as costs, legal rights, and potential earnings, before signing any agreements. The Act requires franchisors to provide a disclosure document that outlines these details, promoting transparency and fairness in franchise relationships. Overall, it helps create a more balanced and informed environment for those looking to invest in a franchise.