LAW 525 Lecture Notes - Lecture 8: Fair Deal, Consumer Protection, Rescission
28 Mar 2016
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Document Summary
Most common way to interact with consumer. Great way to have a business without staring out on own. Non-technical deiniion: a markeing technique whereby franchisor supplies product or service to franchisee who in turn makes it available to the public. Requires party to disclose to each other certain informaion, contract has to have certain terms within a certain of ime. Act designed to provide protecion to the public by requiring full, plain and true disclosure of all material facts re: the franchise being ofered. Act prohibits anyone, unless exempt, from engaging in franchise business unil an applicaion of registraion of a franchise and ancillary documents have been iled. Does not have any ofences (very important) Material fact any informaion about the business that would reasonably be expected to have a signiicant efect on the value or price or the decision to acquire (ex rat infested neighbourhood)
