§ 14-223. Copies of documents to franchisees

Latest version.

   A franchisor may not sell a franchise in the State without first giving a prospective franchisee a copy of the offering prospectus and a copy of each proposed agreement that relates to the sale of the franchise at the earlier of:

   (1) 14 calendar days before the execution by the prospective franchisee of any binding agreement with the franchisor;

   (2) 14 calendar days before payment of any consideration that relates to the franchise relationship; or

   (3) a reasonable request by a prospective franchisee to receive a copy of the offering prospectus.

HISTORY: An. Code 1957, art. 56, § 357; 1992, ch. 4, § 2; 2010, ch. 168.

                    
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