It is a different process but the same outcome over at the Federal Trade Commission offices where FTC Chairman Joseph Simmons announced he will be resigning from the FTC to allow President Biden appoint his own people. His resignation will be effective January 29. He also announced the pending departure of another eight senior level…
Read More »The Federal Trade Commission (FTC) is currently undertaking a formal review of the Franchise Rule, which you may recall, requires franchisors to publish a Franchise Disclosure Document (FDD) designed to provide material information to assist prospective franchisees in their decision whether or not to purchase the franchise. In its review, the FTC is looking at…
Read More »Well, if they’re not, they certainly could be! As we know, the Federal Trade Commission (FTC) is the only agency of the federal government with any direct charge relating to the franchising industry. As such, it is welcome news to report that the FTC will be holding a virtual workshop on November 10 as part…
Read More »
The original federal Franchise Rule was issued by the United States Federal Trade Commission (FTC) in 1979 and since that time has been amended and updated only once in a revised rule that became effective in 2008. The Franchise Rule requires that any prospective franchisee, including the purchaser of an existing franchise unit or an…
Read More »As we’ve reported to you in the past, the Federal Trade Commission (FTC) is seeking public comment on whether to make changes to the Franchise Rule as part of its systematic review of all FTC rules. The public comment period is currently open through May 13, 2019 so please get your comments in soon. Recall…
Read More »The Federal Trade Commission (FTC) issued a notice this week regarding changes to 16 CFR Part 436, Disclosure Requirements and Prohibition Concerning Franchising, more commonly referred to as the Franchise Rule. The notice advises that the FTC is seeking comment from the public on whether to make any changes to the Franchise Rule while the…
Read More »