Preventing claims – Franchises

New Franchises Act

The following is a summary of The new Franchises Act: Managing the risks of a new statutory regime, reported through E-Brief, November 2016.

On February 1, 2017, BC’s first Franchises Act (the “Act”) comes into force, introducing fundamental changes to franchise law in our province. For lawyers who practise any franchise law, here are some tips to help you recognize and manage certain risks associated with the new Act (read more for details):

  • Get educated
  • Resist any temptation to dabble
  • Identify, flag and diarize limitations and deadlines
  • Clarify responsibilities between lawyer and accountant
  • Implement checklists and other systems to ensure proper disclosure
  • Communicate with your client and confirm your advice