By Chad Finkelstein
Q: How do franchise systems organize their advertising efforts? Chad says: There are a few ways franchisors structure advertising requirements for their franchisees, but the most common is to establish a general ad.
The province of Ontario has amended a regulation under the Arthur Wishart (Franchise Disclosure, 2000) Act to permit the delivery of disclosure documents to prospective franchisees electronically or by courier.
Franchisors operating in Ontario must provide prospective franchisees with financial statements in their disclosure documents, unless they meet exemption requirements set out in the Arthur Wishart (Franchise Disclosure, 2000) Act.
By Frank Zaid Q: How strict are Canada’s courts in interpreting and enforcing the technical requirements of franchise disclosure legislation? A: When it comes to the actual requirements for the content of disclosure documents, the courts have been very strict.
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