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News and ArticlesBusiness LawFederal Trade Commission Announces Rule ChangesThe Federal Trade Commission ("FTC") announced amendments to its so called Franchise Rule, 16 C.F. R. Part 436, with a phase-in period of one year beginning on July 1, 2007. The amendments have significance to both franchisors and prospective franchisees. The Federal Register Notice of the updated rule can be found at http://www.ftc.gov/opa/2007/01/franchiserule.htm The FTC is also preparing proposed rules to govern the sales of "business opportunities", which will no longer governed by the amended Franchise Rule once its one year phase-in period expires. |