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Franchisee Services
- Worst and Best Fitness Franchises to Buy: 2011 SBA Loan Default Rates
- Quiznos Franchisee Association Formed
- Massachusetts Fair Franchising Bill: What Would It Mean for Franchisees in Massachusetts?
- Money Back Guarantees When Buying a Franchise: Reliable or Not?
- Proposed “Universal Franchisee Bill of Rights”
Legal News
- Midwestern Burger King Franchisee Files Chapter 11...
Posted on 1/20/2011 - Release of Second Edition of Charles Internicola's Book...
Posted on 8/6/2010
Library
Franchisee Services
- Issues of “Forum Selection” when Forced with Termination of Franchise and Dealership Rights
- Franchisees: Filing a Complaint with the California Department of Corporations
- Before You Sell Your Franchise (Part A)
- Before You Sell Your Franchise (Part B)
- Franchisees: Filing a Complaint with the New York Attorney General
Franchise Laws (Part B)
What other franchise laws must I be aware of?
Apart from financial statements, the franchisor is required to disclose trademark regulations, as well as other important aspects of starting a franchise in New York. This information may be provided in the FDD, or it may be provided in the final contract, which is known as the franchise agreement.
The full requirements can be found at the North American Securities Administrators Association (NASAA) website, or you can visit the Franchise Page of the New York Attorney General. Here, you can view the Franchise Forms (in standard PDF format) which contain the forms and instructions that are required of business franchisors. A Manhattan franchise attorney can talk to you about each of these forms and what they will mean for your enterprise in greater detail.
You can also go online to view the New York State Franchise Act, which lists the specific rules and regulations that govern franchise law. The New York State Franchise Act includes information such as franchise:
- Definitions;
- Disclosure requirements;
- Escrows and impoundments;
- Fraudulent and unlawful practices;
- Actions by the department of law;
- Civil remedies; and
- Enforcement by the Attorney General.
Fraudulent and unlawful practices include making untrue statements in any application, notice, statement, or report, or willfully omitting any material fact which is required therein. Therefore, if required information is falsified or omitted from the FDD, the franchisor may have violated New York franchise law. In such a case, you may need the help of a Manhattan franchise attorney.
How can a Manhattan Franchise Attorney help me?
By hiring a Manhattan franchise attorney, you can avoid making mistakes when buying a franchise in New York. An attorney may ensure that the legal requirements are met by the franchisor. If financial statements are misrepresented, or if certain facts are not disclosed within the FDD, you may need to pursue legal remedies. To do so, you will need the professional help of a Manhattan 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 FDD. For a limited time, get 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.
IMPORTANT DISCLAIMER: The information contained on this website is provided for general educational purposes only, should not be relied on as legal advice and does not serve to create an attorney client relationship. In utilizing this website you acknowledge that there is no attorney client relationship between you and Charles N. Internicola, Esq. and that the information contained on this site does not and cannot serve as a replacement for the competent legal advice of a licensed attorney in your state. Further you acknowledge that any and all citations to cases and statutes must be independently verified by competent legal counsel to confirm the validity and accuracy of such information. The content of this site is subject to the Copyright of its author and owner, Charles N. Internicola, Esq.
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Video Library
Franchisee Services:
- What is a Protected Territory When Buying a Franchise?
- What is a Frachise Disclosure Document?
- What is the Purpose of an FDD?