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ARTICLE · 08 FEBRUARY 2017

Franchise Law E-Communiqué - January 2017

Cassels
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Whether it is a new calendar year and/or a new fiscal year, franchisors should now be considering updates to their Canadian franchise disclosure document (FDD).

CanadaCorporate/Commercial Law
Kate Byers
Kate Byers
Carly Cohen
Carly Cohen
Stefanie Holland
Stefanie Holland
Christopher Horkins
Christopher Horkins
Noah Leszcz
Noah Leszcz
Jessica Lipton
Jessica Lipton
Eric Mayzel
Eric Mayzel
Alexandra Murphy
Alexandra Murphy
Colin Pendrith
Colin Pendrith
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Are You Ready for British Columbia's New Franchise Law? Does Your Canadian Franchise Disclosure Document Need Annual Updating?

By Larry M. Weinberg, Frank Robinson, Stéphane Teasdale, Noah Leszcz

Whether it is a new calendar year and/or a new fiscal year, franchisors should now be considering updates to their Canadian franchise disclosure document (FDD). If you plan to offer franchises in any of the six Canadian provinces requiring disclosure, or will have renewals or resales coming up, you need to ensure that your FDD complies with the requirements of each applicable provincial franchise law and that the contents of your FDD are consistently accurate and up-to-date. That includes updating of all prescribed disclosure items (some of which require updating every new calendar year, some on the change of a franchisor's fiscal year, and others which require more frequent updating), and ensuring the FDD always includes all material facts.

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