When is a fee actually a “fund”? What franchisors need to know before 1 November 2025
From 1 November 2025, the Franchising Code’s updated definition of specific purpose funds (SPFs) kicks in. It’s broader than many expect. If a franchise agreement requires franchisees to pay money to or for the franchisor/associate and that money must be used for a specified common purpose relating to operating the franchised business, you’re likely dealing […]
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