I own a franchise so I’m assuming that I don’t need to worry about compliance and any changes in legislation, am I right?

With respect to certain laws for example data protection and consumer protection, you will have a duty to ensure your compliance. Of course you can rely on the franchise holder to do this for you, however you will still be expected to take reasonable precautions and exercise all due diligence to prevent an offence taking place.

So it would be wise to find out what laws you need to comply with and make sure that the processes offer a route to adequate compliance. To a certain extent it also depends on the terms of the franchise agreement, and some franchisers will exclude all liability, so it is really important to scrutinise the franchise agreement before signing it, to ascertain the extent of your risk exposure.


This entry was posted in Governance, What we are being asked about. Bookmark the permalink.