July 2008

By David W. Oppenheim

Perhaps you’ve heard: On Jan. 23, 2007, the Federal Trade Commission adopted the comprehensively revised FTC Franchise Rule (“The Amended Rule”) and released the “Statement of Basis and Purpose” (“SBP”), which clarified the Amended Rule’s requirements and prohibitions. Compliance with the Amended Rule has been optional since July 1, 2007, and became mandatory on July 1, 2008.

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