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Understanding franchisor disclosure obligations under the Arthur Wishart Act is crucial for both franchisors and franchisees navigating franchise relationships. The Act imposes rigorous disclosure requirements on franchisors with strict penalties for non-compliance, creating a framework designed to protect franchisee interests. Jennifer Shayko explains these essential disclosure obligations and their implications for franchise operations.

As always at this time of year, franchisors should be considering if annual updates to their Canadian franchise disclosure document (FDD) are required.