On February 1, 2017, the British Columbia Franchises Act and
Regulations came into effect making British Columbia the sixth
province in Canada with franchise legislation. The introduction of
franchise legislation in British Columbia means franchisors
operating in the Province will need to create or revise existing
franchise disclosure documents (for other Provinces) in order to
meet their obligations under the new laws.
While substantially similar to franchise legislation in other
provinces, the British Columbia franchise legislation does bear
differences that franchisors need to be aware of including those
pertaining to:
- Deposits
- Methods of Delivery
- Financial Statements
- Advertising Funds
- Training and Manuals
- Territory and Proximity
- Alternative Dispute Resolution
- Information on Current and Former Franchisees
- Negative Statements
- Guarantees and Security Interests
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.