New BC Franchises Act and regulations in force on 1 February 2017
October 4, 2016
BY British Columbia Law Institute
The Franchises Act and regulations will come into force on 1 February 2017, according to an announcement today by the Ministry of Small Business and Red Tape Reduction . The Act was passed in 2015 following a BCLI report that recommended BC enact franchise legislation similar to that already in force in Alberta, Manitoba, Ontario, New Brunswick and PEI. The Franchises Act provides important protections for BC-based franchisees and prospective buyers of franchises, and benefits franchisors as well by providing much-needed certainty about pre-contractual disclosure. It reinforces best practices in franchising that are already standard in much of the rest of Canada.
