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Sample Non Disclosure Agreement

An intermediary should always sign a confidentiality or non-disclosure agreement (NDA). It is a 1 to 5 page document that acknowledges you have sensitive information that if released could harm your business and it should not be shared. Venture capitalists, however, will not normally sign a confidentiality agreement. They see so many companies in the same industry that they cannot sign one agreement and risk not being able to invest in other potential good deals.

PreSale Franchise Disclosure in Ontario

Since the passage of the Wishart Act, franchisors in the province of Ontario have found themselves bound to perform various duties and tasks in the operation, and primarily the sale, of their franchise system. The greatest single feature of the Wishart Act is a broad pre-sale duty to disclose information about the franchisor, the system, and its franchisees. This paper will set out various areas which franchisors and their lawyers should consider a potential minefield of liability, exemptions from the Wishart Act’s disclosure requirement; and the penalties and remedies that aggrieved franchisees can seek against a non-compliant franchisor. peter macrae dillon franchise franchisor franchising lawyer attorney Toronto Ontario Canada siskinds

Understanding the Franchise Disclosure Document (FDD)

This article provides a frame of reference to study the FDD further while coveri the primary topics discussed in the FDD. It also provides information on where to secure more detailed information on the FDD.

An Overview of the UFOC Franchise Disclosure Requirements

This article provides a point form summary of the information required to be disclosed by the Uniform Franchise Offering Circular requirements established by the North American Securities Administrators Association. peter macrae dillon Siskinds franchise franchisor franchising lawyer attorney Toronto Ontario Canada www.franchiselaw.ca

State Franchise Disclosure and Registration Laws

The articles explains state franchise registration and disclosure laws and provides a 50-state anaylsis of each state as to whether the state has franchise disclosure and registration law and/or business opportunity law and a franchisor's obligation to register under such laws, the documents required to be filed, filing fees, review period and other filing information.

Can American Franchisors Use \"Wrap Around\" Disclosure Documents in Canada?

The purpose of this article is to consider whether a U.S. franchisor can comply with the current franchise laws of Alberta and Ontario by using a "wrap" to their current Uniform Franchise Offering Circular ("UFOC"). This process is directly analogous to the practice of using a state addendum to satisfy the needs of an individual state, while maintaining uniformity in the form and content of a franchisor's UFOC. Before delving into how a U.S. franchise system should go about making disclosure in Canada, a few bold statements concerning the state of franchising and franchise legislation in Ontario are in order.

E-Mailing the Franchise Disclosure Document to Prospective Franchisees

Under the FTC Franchise Rule,a franchisor can deliver the Franchise Disclosure Document (“FDD”) electronically by e-mailing the FDD in a pdf form or mailing a FDD copied on to a CD-ROM to a prospective franchisee. The first personal meeting requirement has been eliminated. The prospective franchisee must have the FDD and Exhibits at least 14 calendar days before the franchisee signs any agreement with the franchisor or gives the franchisor any money. Electronic delivery of the FDD disclosure will save the franchisor substantial time and money as the cost of copying and mailing a Franchise Disclosure Document and Exhibits, let alone personnel cost, really adds up. The FTC estimates that the cost to copy and mail a disclosure document is about $35.00 each. The states having franchise registr

FTC New Business Opportunity Rule - Reduced Disclosure But Increased Coverage

Effective March 1, 2012, the FTC’s new Business Opportunity Rule1 becomes effective (the “New Biz Op Rule”). The New Biz Op Rule significantly reduces a business opportunity seller’s disclosure obligation to a prospective purchaser, as the previous format (the FTC Disclosure Statement containing 20 items of required information) has been changed and reduced to a 1-page form requiring 5 items of information that the seller is required to disclose. However, the New Biz Op Rule applies to more companies as, not only business opportunity sellers currently covered by the Interim Biz Op Rule will be subject to the New Biz Op Rule, but also work-at-home programs such a jewelry assembly and envelope stuffing, will meet the expanded definition of a business opportunity.

Sample Term Sheet

If the venture capitalists are interested, they will very quickly come up with a draft term sheet for you which gives an overview of the conditions under which they would make an investment in your company. (see next page for a sample term sheet).

Sample Letter of Intent

If you ever need to lease an office, this is a sample form for you to use.

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