The uniform franchise offering circular, ufoc, is one format for the disclosure document which provides information about the franchisor and franchise system to the prospective franchisee features quizlet live. Of a uniform franchise offering circular cover page: the state cover page of the offering circular must state: 1 the title in boldface type: franchise offering circular 2 the franchisor's name, type of business organization, principal business address and telephone number 3. B right to operate a business within the guidelines of the agreement c right to open a branch of the business in a given area a potential franchisee has to be _____ before the owner will be sent a complete uniform franchise offering circular a researched b interviewed c bonded d vetted d a franchisor makes money by.
Uniform franchise offering circular guidelines offering circular also known as the prospectus or red herring (preliminary version), this is the formal selling document for a security issue. Beginning jan 1, 1996, franchisors who choose to use the uniform franchise offering circular (ufoc) to provide pre-purchase information to franchise buyers as required by the federal trade commission's franchise rule, must follow amended ufoc guidelines adopted by the north american securities administrators association (nasaa) in april 1993.
The franchise rule was significantly amended in 2007 prior to the amendment, the ftc also accepted as adequate disclosure a franchisor’s compliance with the disclosure guidelines that had been established by the north american securities administrators association (nasaa.
The guidelines are consistent with the ftc’s amended franchise rule and replaced the uniform franchise offering circular guidelines that were adopted by nasaa in 1994 the guidelines currently require the inclusion of a ‘state cover page,’ typically one page, to a franchise disclosure document.
Franchise registration and disclosure guidelines uniform franchise offering circular (ufoc) guidelines were prepared and adopted by the north american securities administrators association (nasaa) and its predecessor, the midwest securities commissioners association.