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Submitted by FranSynergy on Mon, 2007/05/28 - 16:56.
REFERENCING the thread which began at Ask for More!
I believe the following tidbits of data will surely support the point that a Franchisor is free to provide additional information outside of the UFOC. AND That the UFOC can ONLY contain that which is required, AND not more!
II. Rule Requirements
A. General: The Rule imposes six different requirements in connection with the "advertising, offering, licensing, contracting, sale or other promotion" of a franchise in or affecting commerce:
6. Contradictory Claims: While franchisors are free to provide investors with any promotional or other materials they wish, no written or oral claims may contradict information provided in the required disclosure document (Part 436.1(f)).
IV. Disclosure Options
E. Rule Primacy: If the UFOC is used, several key Rule provisions will still apply:
4. Other Material: No information may appear in a disclosure document not required by the Rule or by non-preempted state law, regardless of the format used, and no representations may be made that contradict a disclosure.
SUMMARY: The UFOC provides that which the Franchisor is REQUIRED to provide. The Franchisor is FREE to provide as much additional information as the choose, provided that such additional information is not inconsistent with that provided by the UFOC.
I REST MY CASE and will now put it into the hands of the Bluemaumau Jury of Public Opinion.
Believe & Succeed, Dale FranSynergy, Inc. Synergizing Franchising! www.fransynergy.com
4 Benefit of Michael & Guest...
REFERENCING the thread which began at Ask for More!
I believe the following tidbits of data will surely support the point that a Franchisor is free to provide additional information outside of the UFOC. AND That the UFOC can ONLY contain that which is required, AND not more!
II. Rule Requirements
IV. Disclosure Options
SUMMARY: The UFOC provides that which the Franchisor is REQUIRED to provide. The Franchisor is FREE to provide as much additional information as the choose, provided that such additional information is not inconsistent with that provided by the UFOC.
I REST MY CASE and will now put it into the hands of the Bluemaumau Jury of Public Opinion.
Believe & Succeed,
Dale
FranSynergy, Inc.
Synergizing Franchising!
www.fransynergy.com