Failing To Provide A Valid Disclosure Document Can Be Costly For Franchisors

March 14, 2012 by Cris | 0 Comments

Financial Post:

The obligation of a franchisor to provide franchisees in Ontario, Alberta, Prince Edward Island and New Brunswick with a franchise disclosure document should not be taken lightly.

The document is intended to operate as a type of prospectus franchisees can rely on in making informed investment decisions about entering into the franchise system. As a result, the statutes in the aforementioned provinces set out a detailed list of information that every valid disclosure document must include. Beyond the content, though, are technical timing and format delivery requirements with which franchisors must comply.

The penalties for failing to comply with these legislative requirements are staggering and are a very powerful remedy franchisees should be aware of.

Continue reading this post here.

In Franchise Site

Roads Are the Future of Solar Power
How Robots Are Making Us Happier
Wearable Intelligence in Energy
April Fools: Helium Beer
Wearable Intelligence in Healthcare
Pixar: The Math Behind the Movies
Watch Silicon Valley Episode 1
The Body Dryer
How Does Cryogenics Work?
Robo-Suit Body Extender

Related Posts

Related Resources

Comments

No comments yet.

Leave a Reply

Comment moderation is enabled. Your comment may take some time to appear.