Canadian franchisors, prepare a Franchise Disclosure Document
for new franchisees with this comprehensive template, which discloses all relevant information about the franchisor and the franchise business as required by the Franchises Act (Alberta) and the Arthur Wishart Act (Ontario).
The Disclosure Document discloses information about:
- the franchisor's corporate structure and history,
- the business experience of the principals of the franchisor,
- any current or potential litigation involving the franchisor,
- initial franchise fees and other fees to be paid by a franchisee,
- financing, working capital, and estimates of annual operating costs,
- restrictions on sources of products and services, and restrictions on what the franchisee may sell,
- assistance and training programs offered by the franchisor,
- government licenses, registrations and authorizations,
- provisions for renewal, transfer and termination of the franchise,
- financial statements and information,
and other information that a franchisee needs in order to evaluate the business opportunity. The Disclosure Document also includes addenda for province-specific requirements.
This Franchise Disclosure Document for Canada
is available as a downloadable and fully editable Microsoft Word file.