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Tips for signing a franchise agreement

A rewarding experience
Given all of these factors, buying a franchise is without a doubt a lengthy, expensive and complex process—but by taking the time up front to evaluate the options available to you and to properly assess and understand all legal documents governing the franchisee-franchisor relationship, your decision to buy a franchise will be all the more rewarding.

To maximize your odds of financial success and, especially, to minimize your likelihood of costly and/or stressful disputes with your franchisor, you should be sure to take advantage of the technical knowledge and experience of professional advisors throughout the process.

David Gray is a lawyer with Macdonald Sager Manis LLP in Toronto, with experience in the areas of franchising, licensing, intellectual property (IP) and commercial and corporate disputes. He regularly advises clients on franchise-related matters. Matthew Zuk is an associate lawyer with the same firm. For more information, contact Gray at (416) 364-4596 or via e-mail at dgray@msmlaw.ca

Disclaimer: This article is for information purposes only and should not be considered legal advice. It is strongly recommended that any prospective entrepreneur consult a lawyer to make informed decisions that could involve legal matters.

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