Pacific Legal was instrumental in assisting its Canadian client acquire an Expedia cruise franchise in Courtice, Ontario. The process involved a multi-step corporate reorganization to ensure that all restructuring maintained optimal feasibility and options for the client’s business framework for the new franchise model.
Our team worked diligently on the LOIs, clearly and concisely detailing preliminary terms and parties’ intentions about the franchise agreements to ensure mutual consistency from the outset. We secured financial commitments through promissory notes and prepared Share Purchase Agreements to formalize share acquisitions.
Apart from that, we drafted and reviewed the Franchise Agreements to ensure complete compliance with all applicable franchise laws. We coordinated the Assignment of Lease, which enables the existing leases to be transferred and service the franchise operation. We also coordinated other ancillary closing documents needed to effectively consummate the transaction.
It would, therefore, ensure that every detail of the acquisition was completed flawlessly and none of the challenges it may create were inflicted against our client’s interests. This acquisition boosts our client’s portfolio and manifests Pacific Legal’s dedication to rendering full legal assistance in franchise transactions. Our success in understanding the intricacies of franchise law places us as a trustworthy business partner for those seeking to expand effectively
