Franchising in the U.S. Economy: Hearing Before the Committee on Small Business, House of Representatives, One Hundred First Congress, Second Session, Washington, DC, September 27, 1990 |
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abuse adopted Alberta American Bar American Bar Association arbitration attorneys BARKOFF BOLLINGER business format franchising Business Opportunities business-format Canada Chairman LAFALCE chise choice of law commercial consumers contract disclosure document disclosure statements discussion earnings claims enforcement existing Federal Arbitration Act Federal Trade Commission filing foreign country Forum on Franchising fran franchise agreement Franchise and Business franchise law franchise outlets franchise regulation franchise relationship franchise sales regulation franchise system franchising industry franchisors and franchisees FTC Rule Government interest International Franchise Association investors issues jurisdiction KONIGSBERG legislation litigation marketplace master franchise Model Act NASAA NCCUSL negotiation operation percent preemption problems prospective franchisees protection PURVIN question regulate franchising regulation of franchising regulatory renewal representing right of action role royalty SIMON Small Business South Dakota specific standard statutes supra termination tion trademark U.S. ECONOMY U.S. franchisors UFOC Uniform Act United
Popular passages
Page 103 - Further, it is the intent of this law to prohibit the sale of franchises where such sale would lead to fraud or a likelihood that the franchisor's promises would not be fulfilled...
Page 101 - California franchisees have suffered substantial losses where the franchisor or his representative has not provided full and complete information regarding the franchisor-franchisee relationship, the details of the contract between franchisor and franchisee, and the prior business experience of the franchisor.
Page 108 - ... to correct potential violations. While this approach was wellsuited to the anti-regulation orientation of the Reagan Administration, it was severely criticized by state administrators and franchisee organizations. During this seven-year period, the FTC brought a total of 15 enforcement actions — 13 involving violations of the franchise rule and two involving misrepresentations by franchisors falling outside the scope of the rule. In contrast, state regulatory agencies commenced 1,026 enforcement...
Page 10 - In the US, NASAA is the national voice of the 50 state securities agencies responsible for investor protection and the efficient functioning of the capital markets at the grassroots level.
Page 97 - I appreciate the opportunity to appear before you today. Mr. Chairman and Members of the Subcommittee...
Page 102 - Problems which arise prior to entering into a franchise relationship, particularly deception or impropriety in the presentation, solicitation or sale of a franchise opportunity; and o Problems arising within ongoing franchising relationships, generally involving contract performance, termination or renewal of franchise agreements.
Page 142 - ... developed and what you, as parents, can do to help your child overcome a problem. Very few people are forced to seek mental health consultation, and for a mental health worker to help you, you must actively want to be helped. The light-bulb joke says it all. Question: How many mental health workers does it take to change a light bulb?
Page 108 - For the purposes of this part, a law or regulation of any State, municipality, or other local government is not inconsistent with this part if the protection such law or regulation affords any prospective franchisee is equal to or greater than that provided by this part. Examples of provisions which provide protection equal to or greater than that provided by...
Page 179 - Once again, I would like to express my appreciation for the opportunity to appear before...
Page 102 - ... complement one another, promotes individual investor safeguards and market integrity through federal action to set minimum standards while states may employ more substantive requirements. An effective securities regulatory system must be predicated on a comprehensive three-part program consisting of prevention, detection and prosecution. If one or more of these main elements is not fully incorporated, the regulatory system will not be effective. This is the experience the state securities agencies...