Q&A

Question: Do Franchisees need a Disclosure Document?

Answer:

Yes, a Franchisee must have a copy of a Disclosure Document.

This is because, before entering into/signing a Franchise Agreement, a potential Franchisee must give the Franchisor a statement confirming that they have had a reasonable opportunity to read and understand the Disclosure Document and the Franchising Code (clause 10(1) of the Franchising Code).

Masao Watanabe

Answered by Masao Watanabe

Masao is a lawyer and is part of LegalVision’s team of franchise lawyers. After completing a Bachelor of Commerce at the University of New South Wales in 2009, Masao pursued a degree in law, graduating in 2014 with a Juris Doctor from the University of Sydney. Previously Masao has worked in several franchises as well as in finance.

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