On February 13th, the Federal Trade Commission (the “FTC”) announced that it is seeking public comment on its Trade Regulation Rule entitled, “Disclosure Requirements and Prohibitions Concerning Franchising” (the “Rule”). As part of the FTC’s periodic regulatory review, the agency is requesting comments to thirteen specific questions to address whether franchisors, franchise sellers and franchisees have benefited from the Rule, what modifications are needed to the Rule, the costs of compliance and what amendments might be needed to address changes in relevant technology and economic conditions.
Comments from the public are due on or before April 21, 2019 and the full notice and details on submissions can be found here.
Franchise Law Committee
Co-Chair of Publications and Social Media
Taylor M. Vernon