Under BC's Franchises Act, SBC 2015, c 35, the franchisor must deliver a disclosure document at least 14 days before the franchisee signs or pays anything (s. 5). This is a disclosure lead time, not a cooling off period; after signing, the only statutory exit is rescission for disclosure failures (s. 6). The Act also imposes a duty of fair dealing (s. 3).
A franchisee should negotiate key terms before signing, as the agreement will be difficult to change afterwards.
Verbal promises during negotiation are often excluded by an entire agreement clause, so important assurances should be included in the written agreement.
For the full explanation, see our entry on Franchise agreements.
General information about British Columbia and Canadian law, current to October 2026. It is not legal advice.