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Simple English definitions for legal terms

FTC franchise rule

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A quick definition of FTC franchise rule:

The FTC Franchise Rule is a law that requires companies selling franchises in the United States to provide potential franchisees with important information about the franchise. This information includes details about the company, fees, investment required, and other important information. The franchisor must provide this information at least 14 days before the franchisee signs any agreements or makes any payments. The FTC Franchise Rule also includes exemptions for certain types of sales, such as those with a low cost or large investment.

A more thorough explanation:

The FTC Franchise Rule is a law that requires franchisors (companies that offer franchises) to give potential franchisees (people who want to buy a franchise) important information about the franchise before they sign a contract or pay any money. This information includes details about the franchisor, fees, investment required, restrictions, and more.

  • If a company wants to sell a franchise in the US, they must follow the FTC Franchise Rule and provide the potential franchisee with a disclosure document at least 14 days before they sign a contract or pay any money.
  • If a franchisor changes the terms of the franchise agreement, they must give the potential franchisee a copy of the revised agreement at least 7 days before they sign it.
  • The disclosure document must include information about the franchisor's business experience, fees, investment required, restrictions, and more.
  • There are some exemptions to the FTC Franchise Rule, such as for franchises that cost less than $615 or for sales to large entities with a net worth of at least $6,165,500.

These examples illustrate how the FTC Franchise Rule works and what information franchisors must provide to potential franchisees. The rule helps protect potential franchisees from making uninformed decisions and ensures that they have all the necessary information to make a sound investment.

FTC | FTCA

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Yes is the only correct answer ty
Dkk
10:02
Lmfao, it's just part of life in the military. Couple years ago a guy I knew got crushed by a tree. Is what it is.
snow
10:02
@BulbasaurNoLikeCardio: thats smart. i dont know anything about tattoo care lol
babycat
10:02
Also piercings are better to get in the winter
snow
10:02
dk i feel like you would do great in criminal defense
soap
10:02
you good Dk?
snow
10:03
i got my nose pierced last thanksgiving and it got infected @babycat
Dkk
10:03
Probably could just shock the jury into sideing with me lol
babycat
10:03
I mean bc you can’t go swimming with a piercing
Dkk
10:03
Ahh yeah, just hate that word. Trauma. Hate how people use it.
babycat
10:03
So you want to do it in winter when you won’t be missing it. Sorry abt ur nose though
BulbasaurNoLikeCardio
10:04
@snow: healing is super easy it takes like a week to get through the bad part but being in the sun or going in water is a no no so if you get it in the summer that is two weeks at least of no summer fun while winter it doesnt matter
snow
10:04
i think the piercer just did a bad job. my ex and i's piercings both got infected
babycat
10:04
maybe you’re spiritually aligned like that
Dkk
10:04
Gross, piercings.
snow
10:04
@babycat: i was living the bob dylan life man. smoking cigs with a nose piercing while drinkin coffee. have been chasing that high since
BulbasaurNoLikeCardio
10:04
I have been wanting a piercing just to feel what it is like
snow
10:05
@BulbasaurNoLikeCardio: that makes sense. idk im just nervous of infections
snow
10:05
i have my ears pierced but thats it
babycat
10:05
I have a couple types of ear piercings and navel
BulbasaurNoLikeCardio
10:05
Only dirty people get infections from tattoos, higher chance of an allergy to the ink. Just go to a legit shop
Dkk
10:06
I just don't like the idea of the ink in my lymphnodes. That scares me.
good morning everyone
BulbasaurNoLikeCardio
10:06
I wanna try a nose peircing to see how it feels. Need a piercer friend who wants to practice on me cause I want to experience it but not keep it
babycat
10:06
You just want to know how it feels to be pierced?
snow
10:07
nose hurt like a bitch, but my tolerance is low
BulbasaurNoLikeCardio
10:07
Yes, I don't think having metal on my face or nips would be fun long term
Dkk
10:07
@BulbasaurNoLikeCardio: I would like that too. I would like to feel that.
honestly any face piercing hurts a lot less than any ear one for me
Dkk
10:07
Man, maybe I will eat another ghost pepper today.
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