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The state of Maryland has adopted amendments to its Franchise Registration and Disclosure Law to make delivery requirements under this law consistent with the FTC’s Amended Franchise Rule.
United StatesCorporate/Commercial Law
The state of Maryland has adopted amendments to its Franchise
Registration and Disclosure Law to make delivery requirements under
this law consistent with the FTC's Amended Franchise Rule. The
new law does away with the first personal meeting requirement, and
when adopted, franchisors will be required to deliver a disclosure
document 14 calendar days before the prospective franchisee's
execution of an agreement or payment of consideration, or upon the
reasonable request by a prospective franchisee.
The new legislation in Maryland will become effective October 1,
2010.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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