Docklands Solicitor
Latest legal news from Docklands Solicitors, Kaslers Solicitors LLP.
Wednesday, 14 April 2010
Franchisors beware!
Normally when a buyer enters into a transaction, he is responsible for checking out matters himself - 'caveat emptor' or 'let the buyer beware'.
However, in a franchise situation, the Courts may well hold that the experienced franchisor has a duty of care to a novice prospective franchisee for example, in such matters as advising them of the likely cost of a shop fit.
It is tempting to paint too rosy a picture when trying to entice a prospective franchisee into paying a franchise fee and a recent court case has shown how dangerous that can be
Call Michael Breeze 07 900 195 195 for advice on commercial matters
However, in a franchise situation, the Courts may well hold that the experienced franchisor has a duty of care to a novice prospective franchisee for example, in such matters as advising them of the likely cost of a shop fit.
It is tempting to paint too rosy a picture when trying to entice a prospective franchisee into paying a franchise fee and a recent court case has shown how dangerous that can be
Call Michael Breeze 07 900 195 195 for advice on commercial matters
Labels: franchise, legal advice
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