Court rules franchisees’ noncompliance harms Cash Crusaders’ rights
22 October 2024 - 05:00
The Western Cape High Court has ruled against former Cash Crusaders franchisees, upholding an interim order that prevents them from terminating their franchise agreements and mandates compliance with their contractual obligations while arbitration proceedings continue.
The dispute between Cash Crusaders Franchising (CCF) and its former franchisees revolves on the management of transactions called suspensive security buy (SSB) transactions, which allow franchisees to extend loans using movable property as collateral...
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