Calif. Franchise Relations Act Could Be A Game Changer
Law360, New York ( October 28, 2015, 5:00 PM EDT) -- California will notch another franchise regulatory distinction come Jan. 1, 2016: home to the toughest franchisee-protection law in the nation. On Oct. 11, 2015, Governor Jerry Brown signed a bill amending the California Franchise Relations Act (CFRA) to expand franchisee rights when it comes to termination, renewal and transfer of franchise agreements. The new CFRA applies to franchise agreements entered into or renewed on or after Jan. 1, 2016, and to any franchise arrangement of indefinite duration (i.e., no fixed term specified) that permits either party to terminate the arrangement without cause. It will not, however, apply to franchise agreements executed before Jan. 1, 2016, even if the termination or sale occurs after that date....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
