Franchising FAQ - What does the Code say about the franchise agreement?

Date: March 22, 2011

A. The Code provides as follows:

• Seven (7) day cooling off period.
• Requirement for the franchisor to give the franchisee a copy of any lease documents within one month after the documents are signed.
• The franchisor cannot prevent the franchisee from forming an association with other franchisees.
• The franchisor is prevented from including a general release in the franchise agreement.