Mesbah and Louiseare friends and have wanted to go into business together for many years. On July 1, 2018, they attended a promotional event for Monika's Chocolatier, a Vancouver-based company looking to expand into the GTA by offering franchises to interested parties. At that event they met with Monika, the owner, and were greatly impressed by her and the company. Mesbah and Louise immediately signed the standard Monika's Chocolatier franchise agreement, granting them exclusive rights to operate a Monika's Chocolatier retail store in downtown Toronto.The next day, they both received the "disclosure documents" prescribed under theArthur Wishart Act.Soon thereafter, however, Mesbah and Louise reconsidered their decision. They decided that they were not ready for the risk and responsibility of operating their own business, so one week after signing the franchise agreement, Mesbah and Louise informed Monika that they were terminating the agreement.

Mesbah and Louise cannot terminate their franchise agreement without any legal liability to Monika's Chocolatier.

True / False

Briefly explain your answer.(Canadian hospitality and tourism law)