You may think it's obvious that, as an IP specialist, you aren't thinking about the client's tax exposure or
franchise disclosure obligations... but to some clients, a lawyer is a lawyer.
Not exact matches
Failure on the part of the franchisor to comply with
disclosure obligations provides the franchisee with an extraordinary remedy — it allows a franchisee to rescind the contract within two years and to obtain the return of its investment in
franchise fees, inventory and equipment costs.
The action of the franchisee, 1201059 Ontario Inc., at the trial level was centered around the
disclosure obligations of Pizza Pizza at the time of the
franchise renewal.
In part 2 of our interview with
franchise lawyer, Chris Horkins, we speak about good faith
obligations and whether there is an ongoing duty of
disclosure.