September 22

How Do I Get Out Of My Franchise Agreement

Because of the difficulties encountered in re-establishing a franchisee`s fundamental offense, franchisees often turn to the law of misrepresentation to see if this can offer a way out. With respect to franchising, misrepresentation is usually related to the fact that the financial forecasts for the franchise are clearly false or reckless by the franchisee. The misrepresentation must have prompted the franchisee to enter into the contract. 1. The franchisee must comply with the franchise agreement The Code requires franchisees and franchisees to deal with each other in good faith. Consult a lawyer before responding to your request to terminate the contract and comply with all the requirements of the contract for a legally and financially secure termination…

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