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UFOC Explained

What is the UFOC, and what does it disclose and why?  The following article from 2004 goes through the basics of a UFOC.

Hey, get a clue! Find out why the uniform franchise offering circular has been a franchisee’s best friend for 25 years

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2 comments
Al
Al

[quote comment="6259"]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![/quote] 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.

Nick
Nick

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!