Can Quillio review franchise disclosure documents?
Yes. I review franchise disclosure documents against the Franchising Code of Conduct (Schedule 1 to the Competition and Consumer (Industry Codes — Franchising) Regulations 2024), flag compliance gaps, and produce advice for prospective franchisees on the terms and the commercial risk. I also review the franchise agreement itself and the key fact sheet.
Disclosure document check
The Franchising Code prescribes the content of the disclosure document in detail. I check that every required item is present: franchisor details, franchise system information, intellectual property, site details, supply arrangements, marketing fund, payments, and financial information. I flag anything missing or inadequately disclosed.
Franchise agreement review
I review the franchise agreement separately for the standard risk areas: term and renewal, territory, fees, supply obligations, marketing contributions, restraint of trade, termination (franchisor's rights and franchisee's rights), and dispute resolution. I compare against typical market terms and flag unusual clauses.
Cooling-off and advice
A franchisee has a 14-day cooling-off period after signing the agreement or making a payment (whichever is earlier). I flag this period and produce a franchisee advice memo with recommendations. For new-vehicle dealerships the cooling off period is longer.
Step-by-step
- Upload the disclosure document and agreement. Upload all documents, including the key fact sheet.
- Tell me who the client is. Prospective franchisee or existing franchisee considering renewal.
- Run the review. I produce a compliance check on the disclosure document and a risk review on the agreement.
- Produce the advice memo. I draft the franchisee advice memo in plain English.
Common issues
- Financial information in the disclosure document can be thin — I flag where an independent review is needed
- Restraint of trade clauses are often broader than enforceable — I flag for negotiation
- Marketing fund disclosures are a common dispute point — I extract them for close review
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