As a buyer of an existing franchise does the franchisor need to provide an FDD?
The answer depends on how much contact you had with the franchisor during the sales process. Under the FTC Franchise Rule, A buyer of an existing...
Las Vegas, NV
Franchising Lawyer at Las Vegas, NV
Practice Areas: Franchising, Litigation
The answer depends on how much contact you had with the franchisor during the sales process. Under the FTC Franchise Rule, A buyer of an existing...
The franchise disclosure document should clearly state the types and amounts of fees that are charged to you by the franchisor. If the fees are...
Agreed with the previous commenters. Further, in my experience it is very common for a company that does not understand the rules and regulations...
Yes you can, but not unilaterally. You would need to obtain the first franchisee's consent to such an amendment, and to do so you would likely need...
I agree with David's answer. Yes, you can ask for that information. Also, based on my experience there may be some concerns with the FDD under this...
The franchisor is likely taking the position that after your original contract term ended, the contract continued on a month-to-month or similar...
It's difficult to say without more information, but you may have the right to rescind (unmake) the contract. I suggest you contact an experienced...
If the franchisor did this AFTER you signed the franchise agreement, then yes, it's perfectly legal. If it was done before you bought the...
I strongly suggest that you contact an attorney experienced in franchising. It sounds like you and others do have a claim against the franchisor....
I agree that the inclusion of a balance sheet only is a potential concern. While a start-up franchisor is permitted in the Federal Trade...