What is the Uniform Franchise Offering Circular (UFOC)?

If you plan to sell franchises in New York, you will need to provide potential franchisees with a Uniform Franchise Offering Circular (UFOC). This document will provide the terms and information that is required by the Federal Trade Commission (FTC). These terms, which will be comprised of 3 parts, are meant to inform the franchisee about your business franchise program.

In the first part of the UFOC, you will need to describe the franchise program. This will include franchise fees and other applicable fees, trademark licensing, and territorial protection.

In the second part of the UFOC, you will need to include your audited financial statements. 

In the final section of the UFOC, you will need to include one copy of each of the forms and/or contracts that are necessary to the franchise process.

As part of the UFOC, you must provide information about the initial investment that a franchisee must make. This will help prospective franchisees to plan their budgets and their financing and also to determine if this is a mutually feasible financial option.

If you have questions about what is required in the UFOC, or about how to organize the terms of your UFOC, you can consult a New York franchise attorney who is familiar with the requirements of a well-structured UFOC. A New York franchise attorney can help you: 

• Establish a royalty payment plan;
• Structure the terms of your trademark license; and
• Establish the franchisee's obligations. 

If you plan on selling franchises in New York, you will have to take the time to carefully figure out the terms of your franchise. To learn more, visit our article library and contact a New York franchise attorney.

Contacting a New York Franchise Attorney 

If you are an entrepreneur who is interested in franchising your business there is a lot you need to know, including the significance of evaluating your trademark and how to approach the preparation of your UFOC. For a limited time, get New York franchise attorney Charles N. Internicola, Esq's franchise law report to determine whether or not your business is right for franchising. Contact us today at 1-800-976-4904 for more information about Mr. Internicola's franchise law services in New York and how he assists entrepreneurs franchise their business nationwide.