Summary of the New FTC Rule on Franchising
02/25/2008
The New Federal Trade Commission Rule on Franchising was approved on January 22, 2007 and goes into effect on a voluntary basis on July 1, 2007. Compliance with the New FTC Rule becomes mandatory on July 1, 2008. This paper hopes to explain the differences between the New FTC Rule and prior practice as required by the original Federal Trade Commission Rule on Franchising and the Uniform Franchise Offering Circular (UFOC) Guidelines.
