Anyone entering into a franchise agreement with an established franchisor should know what they are buying from the start. It is important to hire a legal professional and an accountant before embarking on such a venture.
Franchise agreements are specifically written to place all power with the franchisor. Franchise legislation sets out what information is to be provided to the franchisee in advance before they sign any agreements. Franchisees need this information in order to make an educated decision.
Franchise agreements commonly last five years before they are up for renewal, meaning that there are significant long term commitments. There are multiple issues to consider depending on the nature of the franchise and often multiple documents to review.
For example, the Disclosure Document, the Franchise Agreement, potentially a Lease or Sublease, and other related documents. Contact us so we can help you navigate purchasing your new Franchise as a potential Franchisee or assist you as an existing Franchisee.
Lintott Law is a long standing member of the Canadian Franchise Association and maintains the Canadian Franchise Associations Code of Ethics.
Lintott Law can also help new and existing Franchisors with all of their legal needs. We have assisted many Franchisors from document creation to litigation. Contact us today so we can connect you with our Franchise Lawyers in Calgary and help you with your Franchise System’s needs.