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Statutory Rescission: Consulting for Franchisor

Statutory Rescission: Consulting for Franchisor

We worked in a consulting capacity to assist a national franchisor deal with a claim for statutory rescission of a franchise agreement under the Arthur Wishart Act (Franchise Disclosure), 2000.

We identified the weaknesses in the claim presented by the franchisee, including failing to account for tenant improvement allowances, and identified certain areas where the franchisor would be able to assist the franchisee in mitigating some of the losses (such as dealing with unpaid suppliers and lenders).

The file settled within 6 months of the initial rescission claim.

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