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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) It is unlawful to sell any franchise in this state without first providing a copy of a disclosure document reflecting all material changes together with a copy of all proposed agreements relating to the sale of the franchise, unless otherwise provided in subsection (b), to the prospective franchisee, not less than:
(1) [Deleted by P.L. 2016, ch. 153, § 2, eff. June 27, 2016, and P.L. 2016, ch. 159, § 2, eff. June 27, 2016].
(2) Fourteen (14) calendar days prior to the execution of an agreement or payment of any consideration relating to the franchise relationship.
(b) The delivery requirements in subsection (a) do not apply to the offer or sale of a franchise that is exempt under § 19-28.1-6(2), (3), (6), or (8).
Cite this article: FindLaw.com - Rhode Island General Laws Title 19. Financial Institutions § 19-28.1-8. Delivery requirements - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-19-financial-institutions/ri-gen-laws-sect-19-28-1-8/
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