By C&I Week
The Australian Competition and Consumer Commission (ACCC) is warning franchisors about potentially unfair contract terms under a new law offering greater protections to small businesses from November 12, 2016.
Speaking to the legal symposium at the National Franchise Convention in Canberra, ACCC deputy chair, Dr Michael Schaper, outlined the ACCC’s findings following a review that identified a number of problematic terms that appear to be widespread in the franchising industry.
“Of particular concern are terms that give the franchisor unconstrained power to unilaterally vary agreements or operations manuals, broad restraint of trade clauses, excessive liquidated damages, and unreasonable termination clauses,” Dr Schaper said.
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This story first appeared in C&I Week.
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