April 16, 2009
FREDERICTON (CNB) - A consultation paper setting out proposals for regulations under the Franchises Act was released today by the Department of Justice and Consumer Affairs. The act clarifies five elements of the franchisor/franchisee relationship:
The regulations will establish the details of a disclosure document that franchisors must provide to franchisees before a franchise agreement is signed. As well, the regulations will describe the framework for the mediation process.
Individuals and groups are invited to submit comments on the proposals detailed in the consultation paper. All comments must be received no later than June 12, 2009, and may be submitted electronically to email@example.com, or in writing to Franchises Consultation, Legislative Services Branch, P.O. Box 6000, Fredericton, NB, E3B 5H1.
The consultation paper is available online.
MEDIA CONTACT: Elaine Bell, communications, Justice and Consumer Affairs, 506-453-6543.