As of February 1, 2017, franchisors who sell B.C franchises must provide a disclosure document in accordance with potential franchisees at least 14 days prior to the execution of a franchise agreement (or franchise agreement) or payment of any compensation relating to the franchise. (d) the granting of a deductible by an executor, administrator, sheriff, liquidator, liquidator or guardian on behalf of a person other than the franchisor or the franchisor`s estate; (b) is refunded without deduction if a potential franchisee does not enter into a franchise agreement, and I will now begin to consider the main provisions of the BC Act. Next, I will check the main sections of the BC Regs that prescribe the content of franchise publication documents (“FDDs”). As with franchise in other jurisdictions, the law and its regulations establish a long list of rules for the content of the disclosure document. Some important requirements are as follows: the court awarded damages for the elimination of a marine cargo subsidiary because it was a fundamental element of the franchise agreement. The court also awarded damages for marketing costs because the franchisee did not benefit from them. The court also found that Quizno had no basis for denying the franchisee royalties and advertising fees that Quiznos had offered to others. The Tribunal rejected other remedies, such as a claim based on the elimination of the head of territory and the alleged non-use of the marketing fund. “Franchise.” Any agreement, whether referred to as a “licensing agreement,” “joint venture” or otherwise, corresponding to the triple test of a “franchise” of the law, is considered a “franchise” and is subject to the law. The triple test of a “franchise” is: (B) securing sites or locations for vending machines, media or other sales screens of products used by the franchisee; (b) the renewal or renewal of a franchise agreement entered into before, upon entry into force of this section or after this section comes into force, the renewal or renewal of a franchise agreement entered into before, on the day or after this section comes into force, this 14-day “cooling period” is identical to Ontario`s requirements under the Arthur Wishart Act (Franchise Disclosure) , 2000, S.O. 2000, c 3 and guarantees. franchisees have sufficient time to review their investments in the franchise system with their legal system and franchise system.
Tax advisor, without being put under pressure by overzealous franchisors. “substantial change” is a change in the activity, activity, capital or control of the franchisor or franchisor or franchise or franchise system, which would reasonably have a material adverse effect on the value or price of the franchise or the decision to acquire the franchise, including a decision by the franchisor`s board of directors or franchise partner or by the franchise management or management. management, franchisor or franchisor employee who believes the decision is likely to be upheld by the board of directors; 12 (1) If a provision of a franchise agreement provides for restricting the application of British Columbia law or limiting jurisdiction or forum to a forum outside of British Columbia, this provision is not applicable to claims arising from a franchise agreement to which this Act applies.