What is a Franchise? A simple explanation of a franchise is that it is a licence granted by the owner of a business (the franchisor) to allow other parties (franchisees) to operate a business selling products or services under the franchisor’s brand name and using the franchisor’s business and marketing
The Franchise Association of New Zealand Inc Code of Practice sets out specific procedures and recommendations for many aspects of franchising which must be followed by members of the Association. The Rules of the Association and the Franchising Code of Practice are to be interpreted in the spirit of the Code of Ethics.