The state of Maryland has adopted amendments to its Franchise Registration and Disclosure Law to make delivery requirements under this law consistent with the FTC's Amended Franchise Rule. The new law does away with the first personal meeting requirement, and when adopted, franchisors will be required to deliver a disclosure document 14 calendar days before the prospective franchisee's execution of an agreement or payment of consideration, or upon the reasonable request by a prospective franchisee.
The new legislation in Maryland will become effective October 1, 2010.
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