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Current as of December 31, 2021 | Updated by FindLaw Staff
(a) The General Assembly finds that:
(1) the widespread sale of franchises has created many investment and business problems; and
(2) franchisees have suffered substantial losses when the franchisor or its representative has not given complete information about:
(i) the franchisor-franchisee relationship;
(ii) the franchise agreement; and
(iii) the business experience of the franchisor or its representative.
(b) The intent of this subtitle is to:
(1) give each prospective franchisee necessary information about any franchise offer;
(2) prohibit the sale of franchises if the sale would lead to fraud or a likelihood that the franchisor's representations would not be fulfilled; and
(3) protect the franchisor-franchisee relationship.
Cite this article: FindLaw.com - Maryland Code, Business Regulation § 14-202 - last updated December 31, 2021 | https://codes.findlaw.com/md/business-regulation/md-code-bus-reg-sect-14-202.html
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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