Published on January 17, 2013
Posted in: Allan Dick, John Sotos, John Yiokaris, News, Peter Viitre
On November 14, 2012, Sotos LLP partners,, , and , together with Ross Bain, Executive Vice-President and General Counsel of Prime Restaurants Inc. broadcasted a webinar on behalf of the Canadian Franchise Association entitled “Sell Franchises, Avoid Rescission.”
Simply put, selling franchises in Ontario and elsewhere in Canada is a regulated process. The penalties in the form of the statutory rescission remedy for doing it wrong are draconian. There is personal liability. The regulations themselves are a minefield of traps.
As Canada’s most experienced franchise law firm, Sotos LLP has seen the good, the bad and the ugly of franchise sales. They have been advising their franchisor clients in all aspects of the selling process to ensure their clients sell franchises but avoid rescission. Sotos LLP has teamed up with Ross Bain to provide CFA members with a panel presentation on the “proper how to” of selling franchises covering the entire sales process from attracting franchisees to closing the sale.
If you are a franchising executive or franchise salesperson, this session is a “must-see” from the convenience of your own office.
Please click on the link below, or copy and paste the link into your Web browser to watch the archived webinar: