Franchisor’s liability for forecasts

Forecasts are, by nature, attempts to predict the future. In the course of a franchisor-franchisee relationship, and especially so in the period before a franchise agreement is signed, a franchisor will provide forecasts to a prospective franchisee to demonstrate the future value of the franchise. In fact, before a franchise agreement can be signed, the Franchising Code of Conduct (Code) requires that a number of forecasts are given to a prospective franchisee in a disclosure document, in order to help the prospective franchisee to make a reasonably informed decision. [Read more…]

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