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On Jan. 22, 2007, after more than a decade of study, the FTC released its long-anticipated new Federal Trade Commission Rule on Franchising (the 'New Rule'). The New Rule comes into effect on a voluntary basis on July 1, 2007, with compliance becoming mandatory on July 1, 2008. Additional compliance guides are expected by July 1, 2007. Franchisors will have to make significant changes to their existing disclosure documents and follow new rules for how and when they are delivered to prospective franchisees.
This article outlines the key elements of the New Rule. The New Rule changes the coverage of the existing FTC Rule, including the following:
The New Rule will change the timing of franchisor presale disclosures. An extensive discussion of this area can be found on page 5 of this issue of FBLA, but the highlights are:
The New Rule changes the updating requirements as follows:
See the full story in the March issue of LJN's Franchising Business & Law Alert.
Kenneth R. Costello is a partner in the Los Angeles office of Bryan Cave LLP, a full-service international law firm. He can be contacted at 310-576-2100 or [email protected].
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.