What Happens If You Cancel a Franchise Agreement?
Franchise ownership ties you to a contract that controls operations, branding, and financial duties. Ending this contract early can feel complex, with legal, financial, and practical challenges, especially in Canada’s regulated franchise system. In Toronto, laws like Ontario’s Arthur Wishart Act (Franchise Disclosure), 2000 shape the process. Whether you’re a franchisee facing rising costs or […]
What Are The Different Types of Franchise Agreements?
Franchising fuels Canada’s economy. Over 76,000 franchises generate $100 billion annually, reports the Canadian Franchise Association. Franchise agreements shape these businesses, setting clear rules for brand owners and operators. Canada’s strict provincial laws, like Ontario’s Arthur Wishart Act, add layers of complexity. These contracts cover rights, duties, and risks, impacting success. This guide explains four […]
Franchise Financial Statements Under the Arthur Wishart Act
Whether you are a franchisor expanding your brand or an entrepreneur pursuing a franchise opportunity, the first legal checkpoint is the disclosure of finances, as mandated by the Arthur Wishart Act (Franchise Disclosure), 2000. This legislation ensures transparency by requiring franchisors to provide a disclosure document that includes specific, accurate, and timely financial statements, shedding […]
How to Break a Franchise Agreement in Canada Legally?
Ending a franchise agreement in Canada can be a complex process. You may face financial penalties, legal disputes, or restrictive clauses that limit future business ventures. Franchisees often seek to exit due to financial challenges, disagreements with franchisors, or personal life changes. Franchisors may also initiate termination to protect their brand. This guide explains the […]
Rescission Under the Arthur Wishart Act
When it comes to starting or operating a franchise in Ontario, the Arthur Wishart Act (Franchise) plays a key role in ensuring fairness and transparency in franchise relationships. One of the most important protections for franchisees under this remedial legislation is the rescission remedy. This Cloudhaus blog breaks down what rescission is, how it affects […]