Almost ten years after commencing its regulatory review of the Franchise Rule (the “Rule”), the Federal Trade Commission (“FTC”) released its Staff Report Regarding Disclosure Requirements and Prohibitions Concerning Franchising (the “Report”) on August 25, 2004. After nearly a decade of soliciting comments on the Rule, receiving and reviewing countless written comments on the Rule, and holding six public workshops to address the Rule in a round-table fashion, the FTC has released the Report and has allowed until November 12, 2004 for the public to review and comment on the 400-page Report.
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