New Brunswick became Canada’s fourth province to enact franchise-specific legislation when Bill 32 (the Franchises Act) received royal assent on June 26, 2007. The bill had been re-introduced after the previous version of the bill died on the order paper when the legislature dissolved for a provincial election. The Franchises Act is based largely on the Uniform Law Conference of Canada’s (ULCC) model franchise legislation. It will come into force on a date to be set by proclamation that has not yet been determined.
Draft regulations which will set out (among other items) the content requirements for disclosure documents to be distributed to franchisees in the province, have not yet been issued. However, it is expected that the regulations will be substantially similar to the ULCC’s model regulations.
For the full text of the legislation,click here.