Rescinding a franchise agreement
After you’ve decided to buy a franchise, what are your options for getting out of the deal? In Ontario, the legislation governing franchises, the Arthur Wishart Act (Franchise Disclosure), 2000, provides that you’ve got 14 days in which to review the disclosure package (ie. financial information about the franchise), 60 days to get out of […]
Limitation periods
Ever wonder how long you have to bring a lawsuit against someone? This is determined by the Limitations Act. With some exceptions, the basic limitation period is two years. Although there is a tendency for some people to think long and hard about pursuing an action (and engage in negotiations with the other side in […]
New bulletin on corporate compliance
The Competition Bureau has released its final bulletin on corporate compliance. The bulletin is an effort to encourage all companies to develop programs ensuring that they are compliant with Canada’s various competition statutes. Although some might think that the legislation falling under the Competition Bureau’s mandate (Competition Act, Consumer Packaging and Labelling Act, Textile Labelling Act, and Precious Metals […]
How will the ‘Do Not Call List’ affect my business?
The National Do-Not-Call-List became active in Canada at the beginning of October. New rules were passed under the Telecommunications Act which impose restrictions on telemarketing to individual consumers. The DNCL does not restrict telemarketing to businesses. Telemarketing calls are defined broadly to include selling goods or services by phone or fax, calling people to have them attend an information session, or […]
Company directors can be liable for wages & benefits
What happens to employees when a company goes bankrupt? Usually, a receiver is appointed, assets are frozen, and employees might end up getting a small percentage of what they’re owed for wages because secured creditors are always first in line to be paid out of the company’s assets. But there’s a section in the Ontario […]
