Interested in franchising your business and have an extra 36 minutes?
You may want to listen to this informative podcast on AllBusiness featuring franchise lawyers Julie Lusthaus and Warren Lewis discuss the pitfalls of the Franchise Disclosure Document (formerly known as the UFOC).
The new amended FTC rule concerning franchise disclosure documents requires franchisors to update their UFOC by no later than July 1, 2008. After July 1, 2008, franchisors must comply with the new FTC rule only. Currently, franchisors may comply with either the former rule or the new rule.
Stay tuned for the next post on some of the differences between the new franchise disclosure document and the UFOC.