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    Knowledge of franchise law can help with business discussions

    Becoming a franchisee is a big decision that should not be taken lightly. One of the best ways to avoid future franchise law issues is by taking the right first steps when identifying, researching and choosing a franchise opportunity. These steps are important for all franchisees in Ontario, whether they are new to the business or they are familiar with the franchise system.

    Businesses go through strong vetting processes with potential franchisees. Typically, they appreciate seeing that some research has been done in advance of conversations. Research not only will impress the franchisor but will also help the potential buyer understand in-depth if this opportunity makes sense for them. Coming to the table with documentation, proof of qualifications and notes taken during the research phase will support these important conversations.

    It is a good idea for a potential franchisee to consider the questions that they wish to ask before this conversation. Writing them all down is a good way to ensure nothing is missed after the fact. Along with research, it is helpful to talk to friends, colleagues and franchise law experts to gather potential questions worth asking.

    Staying professional and appearing prepared is important for every meeting with a franchisor. They are looking to see whether the potential franchisee is a good fit for their business and if the individual can properly represent the brand. Along with being well-spoken and appearing professional, learning as much as possible about franchise law and how franchise agreements work through meeting with an Ontario lawyer is a good idea at every step in this process.

    If you have questions about franchise law, contact our Business Law Group.

    Source: betheboss.ca, “The Franchisee Evaluation: Are You Up to the Scrutiny?“, March 19, 2018

    The content on this website is for information purposes only and is not legal advice, which cannot be given without knowing the facts of a specific situation. You should never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. The use of the website does not establish a solicitor and client relationship. If you would like to discuss your specific legal needs with us, please contact our office at 613-563-7544 and one of our lawyers will be happy to assist you.

    Posted By: Merovitz Potechin

    Merovitz Potechin LLP has been serving the business and personal needs of the Ottawa area since 1976. Our lawyers will work directly with you throughout your legal matter.

    We are committed to asking the right questions so you obtain the best advice. We are responsive to your needs, and you can trust that we will give you the care and attention you deserve.

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