In Cyprus, can I terminate a franchise if the franchisor misled me about expected turnover?

Dear Sir/Madam, Thank you for your message, which we duly acknowledge. Kindly note that, in order for us to be able to provide you with our legal assistance, it would be appropriate to arrange either a meeting at our offices or a conference call. For this purpose, you will be required to provide us with all relevant documentation, so that we may properly review the matter and advise you accordingly. In this regard, our legal fees for the meeting shall amount to 100.00 Euro, plus VAT. Furthermore, for the provision of our legal assistance in relation to the preparation of a step plan, following the review of all relevant documentation, our legal fees shall amount to 500.00 Euro, plus VAT. We look forward to your prompt reply. Remaining as always at your disposal.

Preliminarily, the remedy you have against the Franchisor, if any, will be entirely dependent on whether sales shown during pre-contractual negotiations were a material inducement for you to enter into the Franchise Agreement including whether - and to what extent - the projections you cite are, per the terms of the Franchise Agreement, mere projections or minimum performance promises. Legal research into the specific terms of your Franchise Agreement and the pre-contract process is in order before a specific remedy and options going forward can be determined. We would be happy to assist. Kind regards, Christos Pericleous PERICLEOUS MICHAIL LLC