California · Corporations Code

CORP §31526: (a) It is unlawful for a franchise broker to communicate with a prospective franchisee about investing in a franchise opportunity that is subject to registration pursuant to this division unless the f

Civil

What this law says, in plain English

Franchise brokers must provide prospective franchisees with a completed Uniform Franchise Broker Disclosure Document before discussing registered franchise opportunities. Electronic delivery is permitted subject to commissioner requirements.

Read the full statutory text

(a) It is unlawful for a franchise broker to communicate with a prospective franchisee about investing in a franchise opportunity that is subject to registration pursuant to this division unless the franchise broker first provides to the prospective franchisee a copy of the completed Uniform Franchise Broker Disclosure Document. (b) A franchise broker may provide the Uniform Franchise Broker Disclosure Document to a prospective franchisee through electronic means, subject to any requirements or conditions imposed by the commissioner.

Verify at the official source: California legislative text

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