Q&A

Question: When can a Franchisee exercise their “cooling off” rights?

Answer:

After signing a Franchise Agreement, a Franchisee has a 7-day “cooling off” period during which it can terminate the Franchise Agreement. If they do choose to terminate during this period, then the Franchisor must return all monies paid by the Franchisee, however, the Franchisor can retain any reasonable expenses.

Masao Watanabe

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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