iSold It Debacle - Mr. Franchise Predicted UFOC Amendment
It seems the legal team from iSold It read Mr. Franchise's article about the lack of disclosure in their UFOC about their unproven concept, including his observation this would be an issue in future litigation. So, they finally added the new disclosure to their UFOC which should have been there from the very beginning. Of course, this might help iSold It deal with franchises who buy under the new UFOC (and who would be crazy enought to do this). But the sudden appearance of the new disclosure is going to be a big smoking gun that will help past franchisees who sue for inadequate disclosure and misrepresentation. Hope the legal team has a LOT of malpractice insurance.








