US Legal Forms
Localized Forms
Massachusetts
Middlesex
Checklist Regarding Matters that must be Disclosed to Prospective...

Middlesex Massachusetts Checklist Regarding Matters that must be Disclosed to Prospective Franchisee in Accordance with FTC Franchise and Business Opportunity Rule

Name: Middlesex Massachusetts Checklist Regarding Matters that must be Disclosed to Prospective Franchisee in Accordance with FTC Franchise and Business Opportunity Rule
Brand: US Legal Forms
Rating: 4.82 (257 reviews)

Category:

Small Business - Checklists

State:

Multi-State

County:

Middlesex

Control #:

US-02909BG

Format:

Instant download

Description

A franchise or business opportunity seller must give the prospective buyer a detailed disclosure document at least ten (10) business days before the buyer pays any money or legally commit himself to a purchase. The disclosure document includes:

" Names, addresses, and telephone numbers of at least 10 previous purchasers who live closest to the buyer; " A fully audited financial statement of the seller; " Background and experience of the business's key executives; " Cost of starting and maintaining the business; and " The responsibilities buyer and the seller will have to each other once the buyer has invested in the opportunity.

Franchise sellers also must tell a prospective buyer in writing the number and percentage of owners who have failed.

View Mecklenburg Form - Content Provider Oriented Webcasting and Radio Broadcast Agreement

View this form

View Mecklenburg Form - Content Provider Oriented Wireless Content License and Distribution Agreement

View this form

View Mecklenburg E-Commerce Joint Venture Checklist

View this form

View Mecklenburg Memorandum of Understanding for E-Commerce Joint Venture ABC, Inc.

View this form

View Mecklenburg Manuscript License Agreement

View this form

How to fill out Middlesex Massachusetts Checklist Regarding Matters That Must Be Disclosed To Prospective Franchisee In Accordance With FTC Franchise And Business Opportunity Rule?

If you need to find a trustworthy legal document supplier to get the Middlesex Checklist Regarding Matters that must be Disclosed to Prospective Franchisee in Accordance with FTC Franchise and Business Opportunity Rule, consider US Legal Forms. No matter if you need to launch your LLC business or take care of your belongings distribution, we got you covered. You don't need to be knowledgeable about in law to find and download the appropriate form.

You can search from over 85,000 forms categorized by state/county and situation.
The intuitive interface, variety of learning resources, and dedicated support make it simple to locate and complete different documents.
US Legal Forms is a reliable service offering legal forms to millions of customers since 1997.

You can simply select to search or browse Middlesex Checklist Regarding Matters that must be Disclosed to Prospective Franchisee in Accordance with FTC Franchise and Business Opportunity Rule, either by a keyword or by the state/county the form is intended for. After finding the required form, you can log in and download it or save it in the My Forms tab.

Don't have an account? It's effortless to get started! Simply find the Middlesex Checklist Regarding Matters that must be Disclosed to Prospective Franchisee in Accordance with FTC Franchise and Business Opportunity Rule template and check the form's preview and short introductory information (if available). If you're confident about the template’s terminology, go ahead and click Buy now. Create an account and select a subscription option. The template will be instantly ready for download once the payment is completed. Now you can complete the form.

Taking care of your law-related matters doesn’t have to be expensive or time-consuming. US Legal Forms is here to prove it. Our extensive collection of legal forms makes these tasks less pricey and more affordable. Create your first company, arrange your advance care planning, draft a real estate contract, or execute the Middlesex Checklist Regarding Matters that must be Disclosed to Prospective Franchisee in Accordance with FTC Franchise and Business Opportunity Rule - all from the comfort of your home.

Join US Legal Forms now!

Form Rating

4.82

Satisfied(257)

Form popularity

FAQ

The Federal Trade Commission (FTC) Franchise Rule is a disclosure rule that requires a franchisor offering or selling a franchise located in the United States of America to provide the prospective franchisee with the relevant information about the franchise.

A Franchise Disclosure Document includes 23 specific pieces of information (called items), the franchisors franchise agreement, and various exhibits (like a list of current and past franchisees, and audit financials of the franchisor.

The Rule requires franchisors to provide all potential franchisees with a disclosure document containing 23 specific items of information about the offered franchise, its officers, and other franchisees.

A franchisee and franchisor must agree before the license is issued and made official.

In short, a business arrangement meets the FTC Rule definition of a franchise if the business arrangement involves: (i) the grant of a trademark, (ii) the franchisor exerts or has the authority to exert significant control or assistance over the operation of the business, and (iii) the franchisee pays the franchisor or

The Business Opportunity Rule requires business opportunity sellers to give prospective buyers specific information to help them evaluate a business opportunity, thus ensuring that the prospective purchasers have the information they need in order to assess the risks of buying a work-at-home program or any other

The amended Rule requires franchisors to disclose on the Item 23 receipt page the name, principal business address, and telephone number of each franchise seller offering the franchise. Who is a franchise seller for purposes of this disclosure?

Middlesex Massachusetts Checklist Regarding Matters that must be Disclosed to Prospective Franchisee in Accordance with FTC Franchise and Business Opportunity Rule

Description

Related forms

How to fill out Middlesex Massachusetts Checklist Regarding Matters That Must Be Disclosed To Prospective Franchisee In Accordance With FTC Franchise And Business Opportunity Rule?

Show more info

Form Rating

Form popularity

FAQ

What is franchise disclosure rule?

What must be in a franchise disclosure document?

What does the FTC Franchise Rule require?

What are the basic requirements of the Franchise Rule?

What must be completed before the franchise agreement is signed?

What are the three elements of FTC Franchise Rule definition a franchise?

What is the FTC Business Opportunity Rule?

What disclosure under the franchise rule must be made before parties enter into a valid franchise agreement?

Interesting Questions

What is the Middlesex Checklist Regarding Matters that must be Disclosed to Prospective Franchisee?

Why is it important for franchisors to provide the Middlesex Checklist to prospective franchisees?

What type of information should be disclosed in accordance with the Middlesex Checklist?

Does the Middlesex Checklist cover information about the franchise's financial performance?

How can a potential franchisee obtain the Middlesex Checklist from the franchisor?

What should a potential franchisee do after receiving the Middlesex Checklist?

Trusted and secure by over 3 million people of the world’s leading companies