Franchises are regulated under the Franchising Code of Conduct (the Code), which is given the force of law under the Competition and Consumers Act 2010 (Cth). The Code specifies both the franchisors and franchisees’ rights and responsibilities, and it serves to regulate such agreements. Franchise agreements cover the rights and obligations of both the franchisee and the franchisor. You should see legal advice before entering into a franchise agreement.