This session introduces the federal and state franchise registration and disclosure laws that franchisors must comply with in offering and selling franchises in the United States. The following topics will be covered:

• What are the federal and state laws that regulate the offer and sale of franchises?
• What information must be included in the Franchise Disclosure Document (FDD)?
• What are the timing and delivery requirements for the FDD?
• Which states require registration of the FDD and what is the registration process?
• What exemptions exist for registration and disclosure under federal and state law?
• What are the requirements for amending and renewing the FDD?