There is no doubt in my mind that if none of the states required close scrutiny of initial registration disclosure documents, and some review of annual filings was not done [It's not.], the quality of disclosure to franchisees would deteriorate from pretty good to very bad.
While recent California and Massachusetts proposed bills initiated by franchisees have been unsuccessful in getting passage, one franchisor attorney expects to see them resurface for future consideration. And, he reminds, Vermont’s similar bill will be voted on later this year.
Franchisee Miller urges lawmakers to pass fair franchising bill. (photo:Raja)
SACRAMENTO — Three witnesses gave testimony Tuesday to California's Judiciary Committee on behalf of franchisees. Assemblyman Huffman, attorney Peter Lagarias and franchisee Keith Miller each urged representatives to pass Assembly Bill 2305, the Level Playing Field for Small Businessess Act.