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Most prospective franchisors are focused, reasonably enough, on the beginning; the first territory, the first franchisee, the first year of trading. The exit is, at best, a distant abstraction. But the decisions made at the outset of a franchise system shape the value of that system more than almost any other factor, and by the time a founder is actively preparing for sale, most of the choices that will determine the valuation have already been made. The exit is not an event at the end of the journey. It is a design principle that either runs through the system from day one, or does not.

Employers should prepare for these changes to the Fair Work Act, which address the exploitation of vulnerable workers.

The new national regime governing unfair contract terms will commence on 1 July 2010. All Australian and foreign businesses operating in Australia will need to carefully scrutinise their standard form consumer contracts to ensure that these contracts do not contain unfair contract terms.

2013 certainly was an "exciting" year for franchising and consumer markets.

Franchisors should be aware of these increased penalties for contravention of many provisions of the Franchising Code.

Franchisors must understand the term to ensure that they do not engage in any conduct that may constitute cartel conduct.

The key "cartel conduct" amendments (Cartel Provisions) to the Trade Practices Act 1974 (Cth) (TPA) came into effect last year on 24 July. The amendments criminalised "cartels", which in ordinary terms are any competitors that form a syndicate to regulate price or the distribution or sale of products or services within a specific market.

Franchisors must review franchise agreements and disclosure documents, and make adjustments to all disclosure processes.

Major reforms which could significantly impact all franchisors, are currently under review by the Australian Government.

The amendments are intended to deter unlawful practices and end the 'systematic and deliberate exploitation of workers'.

Conducting proper and well-advised due diligence minimises risks of post-completion issues when purchasing a franchise.

Recent reports on the franchising of bus and ferry services have reinforced the case for using contestable franchising.

The Australian Government has released its response to the review of the Franchising Code of Conduct.

Given recent Government announcements, it's a fitting time to explore a vexed issue in franchise relationships.

2018 has been a tumultuous year for the sector and proposed legislative changes will also impact many franchise systems.

The Government has released for public consultation an exposure draft of amendments to the Franchising Code of Conduct.

This article covers events which occurred between March 2021 and July 2021.