What is the UFOC, and what does it disclose and why? The following article from 2004 goes through the basics of a UFOC.
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Ryan is an attorney and valuation specialist residing in Chicago. He chronicles his thoughts and research on FranchisePundit.com. You may reach him by email ryanknoll@gmail.com or mobile telephone 312-715-8115.
Anything about the new FTC franchise rule? We’ve been waiting 25 years for this… I think it’s a good thing the FTC FINALLY came up with this new rule. Big change for franchisors who will now be able to email their UFOC and still be compliant – as long as they can keep a record of acknowledgment of receipts!
Nick wrote on March 22, 2007 @ 1:14 am:
It goes into effect in July, 2007. I believe there is a rolling compliance window after that, but all will need to comply within 1 year.