Franchise Litigation Attorneys
The sale of a franchise is regulated by the Federal Trade Commission (FTC). The required disclosure document required by the FTC has been previously known as the UFOC. However, due to new FTC rules, the name and requirements of the UFOC are changing. The new name for the disclosure document is the Franchise Disclosure Document (FDD).
It states in 16 CFR Subpart B 436.2:
"In connection with the offer or sale of a franchise to be located in the United States of America or its territories, unless the transaction is exempted under Subpart E of this part, it is an unfair or deceptive act or practice in violation of Section 5 of the Federal Trade Commission Act: (a) For any franchisor to fail to furnish a prospective franchisee with a copy of the franchisor’s current disclosure document, as described in Subparts C and D of this part, at least 14 calendar days before the prospective franchisee signs a binding agreement with, or makes any payment to, the franchisor or an affiliate in connection with the proposed franchise sale. (b) For any franchisor to alter unilaterally and materially the terms and conditions of the basic franchise agreement or any related agreements attached to the disclosure document without furnishing the prospective franchisee with a copy of each revised agreement at least seven calendar-days before the prospective franchisee signs the revised agreement. Changes to an agreement that arise out of negotiations initiated by the prospective franchisee do not trigger this seven calendar-day period."
The attorneys at our firm focus on the litigation of disputes that occur between franchisors and franchisees. Some of these disputes involve allegations that a person or business selling a franchise did not properly disclose information that should have been disclosed pursuant to FTC regulations.
If you are a franchisor or franchisee involved in the litigation of a business dispute, our business and commercial litigation attorneys can help. Based in Illinois, our firm handles a wide range of franchise litigation, including:
- Trademark and copyright infringement
- Offering sale of an unregistered franchise
- Breach of a Franchise Agreement
- Business fraud
- Registration violations/disclosure violations
- Consumer fraud claims
- Breach of contract
- Franchise class action suits
Our franchise litigation attorneys have decades of legal experience and are pleased to assist clients throughout all phases of litigation, from pre-demand claims to negotiations, mediation and trial.
We have offices in Oakbrook Terrace and Chicago, Illinois. To contact a lawyer at our firm about franchise litigation, call (877) 990-4990 or (630) 333-0000. You may also contact us by e-mail.
Lubin, P.C. 