The Uniform Franchise Offering Circular (UFOC) satisfies only the Federal Trade Commission (FTC) and a separate disclosure document should be prepared by the franchisor in accordance with state regulations.

Question

Quizplus · Accepted Answer

The Uniform Franchise Offering Circular (UFOC) was replaced by the Franchise Disclosure Document (FDD) in 2007, which satisfies both federal and state regulations. Therefore, there is no need for a separate disclosure document to be prepared by the franchisor in accordance with state regulations.

The Uniform Franchise Offering Circular (UFOC) Satisfies Only the Federal