Franchisors who operate and sell franchises in Indiana should take note that, effective July 1, the Indiana Franchise Law was amended to require franchisors to file amendments to registrations if there is a material change to their franchise system. The amended law also permits franchisors to designate an expiration date earlier than one year from … Continue Reading
Franchisors should be aware of the “Statement of Enforcement Principles Regarding ‘Unfair Methods of Competition’ Under Section 5 of the FTC Act” that was issued in August, representing the first formal policy statement regarding the FTC’s standalone authority under the “[u]nfair methods of competition” prong of Section 5 of the FTC Act. Time will tell … Continue Reading
Renewal season is upon us. Franchisors with fiscal years coinciding with the calendar year are now in the throws of updating their Franchise Disclosure Document. Given strict deadlines and the inherent difficulty in collecting the required information, having a plan for the updating process is critical. Here are five tips that can help your FDD updating … Continue Reading
