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Franchise Glossary |
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- Uniform Franchise Offering Circular (U.F.O.C., FOC)
This is the disclosure document that the franchisor must give you prior to selling you a franchise. A form of disclosure document containing required information to be supplied by the franchisor to the franchisee. Initially promulgated by the Midwestern Securities Commissioners to provide a uniform method of disclosure for the benefit of franchisor and franchisee, its use is permitted in non-regulated states by FTC Rule 436.
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