New franchise law means “full disclosure”

December 12, 2016 6:26 pm

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The new Franchises Act of British Columbia takes effect on February 1, 2017, making B.C. the sixth province to regulate the industry in Canada. This new law brings B.C. in line with other provincial franchise acts across the country. Franchisors will be required to give potential B.C. franchisees a franchise disclosure document (FDD) that discloses what a franchisee needs to know about the business so he or she can make an informed decision.

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