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Statutes Text

Article - Business Regulation




§14–223.

    A franchisor may not sell a franchise in the State without first giving a prospective franchisee a copy of the offering prospectus and a copy of each proposed agreement that relates to the sale of the franchise at the earlier of:

        (1)    14 calendar days before the execution by the prospective franchisee of any binding agreement with the franchisor;

        (2)    14 calendar days before payment of any consideration that relates to the franchise relationship; or

        (3)    a reasonable request by a prospective franchisee to receive a copy of the offering prospectus.



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