Franchise Business Regulation

Despite franchising’s great reach in the United States, it wasn’t long ago that this way of doing business had a less-than-stellar reputation. That’s because with so much franchise opportunity came opportunists - those who abused relationships and left investors and customers holding the bag.
During the 1970s, 14 states - California, Hawaii, Illinois, Indiana, Maryland. Michigan, [...]

The Role of Uniform Franchise Offering Circular (UFOC)

Franchising is a contract system between two parties-the franchisor and the franchisee. As with any contractual agreement, there are legal documents and agreements that must be followed by both parties. The first of these documents is called a UFOC, or Uniform Franchise Offering Circular. Essentially this document is a disclosure of specific types of information [...]