Exemptions and Exclusions under Federal and State Franchise Registration and Disclosure Laws
While all franchises are required to register and file disclosure statements, there is significant variation among states and also among laws at the federal level. Because of this, individual states differ in defining what circumstances warrant an exemption from the regular disclosure and registration requirements.
Select a format
![](https://store.lexisnexis.com/__data/assets/image/0010/39079/internation-order-map.png)
Select subscription type
Terms & conditions
Subscribers receive the product(s) listed on the Order Form and any Updates made available during the annual subscription period. Shipping and handling fees are not included in the annual price.
Subscribers are advised of the number of Updates that were made to the particular publication the prior year. The number of Updates may vary due to developments in the law and other publishing issues, but subscribers may use this as a rough estimate of future shipments. Subscribers may call Customer Support at 800-833-9844 for additional information.
Subscribers may cancel this subscription by: calling Customer Support at 800-833-9844; emailing customer.support@lexisnexis.com; or returning the invoice marked "CANCEL".
If subscribers cancel within 30 days after the product is ordered or received and return the product at their expense, then they will receive a full credit of the price for the annual subscription.
If subscribers cancel between 31 and 60 days after the invoice date and return the product at their expense, then they will receive a 5/6th credit of the price for the annual subscription. No credit will be given for cancellations more than 60 days after the invoice date. To receive any credit, subscriber must return all product(s) shipped during the year at their expense within the applicable cancellation period listed above.
The total price includes the product(s) listed in the Order Form and any Updates for a limited period (minimum period of 30 days) after the order is placed ("Order Window"). Shipping and handling fees are not included in the grand total price.
All shipments may be returned, at subscribers' expense, for full credit of the Price within 30 days of receipt.
Shipments may not be returned, and no credits will be issued, more than 30 days after receipt.
After the Order Window, subscribers will receive notice of Updates along with the then-current grand total price and order process as Updates become available. Subscribers will only be shipped those Updates they specifically request.
Product description
While all franchises are required to register and file disclosure statements, there is significant variation among states and also among laws at the federal level. Because of this, individual states differ in defining what circumstances warrant an exemption from the regular disclosure and registration requirements. Reasons for seeking an exemption vary, beginning with using an as a general strategy to avoid the rigmarole of preparing and updating a Franchise Disclosure Document (FDD); franchisors just starting to franchise who want to see if franchising is the right approach to grow their business before investing time and money in preparing an FDD; a way for an established franchisor who hasn’t registered in all states to quickly be able to offer and sell to a prospective franchisee in a state where the franchisor had not already registered; or there may be specific aspects of franchise laws, such as financial performance restrictions, which franchisors would like to avoid.
Following a uniform format for ease of reference, this state-by-state summary reviews the exemptions that are available under federal and state laws. After introductory chapters that discuss the exemptions and exclusions available under federal law and the interplay between federal and state exemptions, state-by-state chapters follow the same organizational structure to summarize the exemptions and exclusions for each jurisdiction.
eBooks, CDs, downloadable content, and software purchases are noncancelable, nonrefundable and nonreturnable. Click here for more information about LexisNexis eBooks. The eBook versions of this title may feature links to Lexis+® for further legal research options. A valid subscription to Lexis+® is required to access this content.