New franchise agreements can extend the right of rescission. The idea behind the right of rescission is to prevent aggressive salespeople from signing up people on the spot.
This sort of right can either be a part of a contract, or part of a statute (politician made law.) For example, door-to-door rescission laws are also known as “Cooling Off Rules.” If someone comes to your house to sell you a new security system, there will be a number of days that you can cancel without penalty.
The contracts you sign with these salespeople that come to your home are known are “direct sales contracts.” More recently, there have been a lot of companies going door to door to sell energy-saving packages. The link we just posted is a warning from the government of Canada regarding energy-saving scams.
Your cancellation rights
According to the “People’s Law School,” you have a ten-day cooling-off period. This means you can cancel a contract in Canada within ten days without penalty.
If you ever feel you might have been scammed by someone selling something, you can report it to the fraud center.
Read other interesting law articles:
For those who want to learn more about the right of rescission, see the helpful video below. You can also leave your questions in the comments below. We hope you found this guide on how to extend the right of rescission in franchising helpful.
