Question: How much can a Franchisor retain if a Franchise Agreement is terminated?
If the Franchise Agreement is terminated during the 7-day “cooling off” period then the Franchisor can retain any amount so long as it has been disclosed to the Franchisee.
Answered by Masao Watanabe
Masao is a lawyer and is part of LegalVision’s team of franchise lawyers. After completing a Bachelor of Commerce at the University of New South Wales in 2009, Masao pursued a degree in law, graduating in 2014 with a Juris Doctor from the University of Sydney. Previously Masao has worked in several franchises as well as in finance.
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