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ARTICLE · 08 APRIL 2016

Give Your Franchise Agreement A Facelift

Sotos LLP
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Changes in technology, customer needs, and the laws governing franchising require franchise agreements to evolve reactively, to accommodate such shifts as they happen, and proactively, in anticipation of what the future might bring.

CanadaCorporate/Commercial Law
Faye Lucas
Faye Lucas
Peter Viitre
Peter Viitre
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Changes in technology, customer needs, and the laws governing franchising require franchise agreements to evolve reactively, to accommodate such shifts as they happen, and proactively, in anticipation of what the future might bring. Regular review of your franchise agreement can help you stay on top of the waves of change, address current and potential business issues, and help protect your legal interests in the event of a dispute or termination of the agreement. To help get you started, we have created a three part article outlining common provisions in franchise agreements that you might want to consider revamping.

1. General Releases

Franchise agreements often stipulate that franchisees must release all claims against the franchisor as a condition for granting a transfer or renewal of the franchise. For example:

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