Disclosure & Registration
Our Franchise Lawyer Helps Franchisors Meet Legal Requirements
Before a franchise agreement can be signed, the Federal Trade Commission,
or FTC, requires certain conditions to be met. This includes pre-sale
disclosure of certain information in what is known as a Franchise Disclosure
Document, or an FDD.
The FDD must:
- Be presented to the franchise prospect 14 days before the agreement is signed
- Be updated, if necessary, within a strict time frame
- Include attached financial statements
At the Law Offices of James M. Johnston, Jr. PLLC, our franchise law attorney
can help you prepare, amend, and present documents that thoroughly comply
with FTC disclosure requirements. We work to make sure everything is done
on time and is correct to help protect your franchise company.
Call our firm at (254) 791-5622 to discuss your franchise needs with our
Registering Your Franchise
Some states require that franchisors register prior to selling a franchise
in that state.
These states include:
- New York
- North Dakota
- South Dakota
- Rhode Island
Some states have different requirements and other states require state
specific language to be included in the FDD, on top of FTC requirements.
This means that an attorney who knows the specific laws should be retained
in order to make sure your franchise company is complying with all applicable laws.
Bonds and additional documents may be necessary, as registration must comply
with very specific laws and regulations.
For the detailed help that you need,
contact the Law Offices of James M. Johnston, Jr. PLLC. We offer
free initial consultations to discuss your franchise needs.