Important news from the FTC: On July 12, 2024, the Federal Trade Commission and its staff took a suite of actions to address growing concern about unfair and deceptive practices by franchisors—to ensure that the franchise business model remains a ladder of opportunity to owning a business for honest small business owners.
Additionally, to facilitate continued engagement with all market participants on these topics, FTC is reopening the comment period for the 2023 Request for Information (RFI) related to franchise agreements and franchisor business practices.
The AAFD applauds the Federal Trade Commission for its decisive actions on franchising. We eagerly anticipate further analysis of these measures and look forward to collaborating with the FTC and franchise stakeholders to address the reported issues. Stay tuned for an in-depth exploration of this landmark development, along with guidelines on how to submit comments to the Commission.
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The AAFD is a national non-profit trade association representing the rights and interests of franchisees and independent dealers throughout the United States. The AAFD’s mission is to achieve Total Quality Franchising. We do this by promoting fair and equitable franchising and dealer practices and empowering effective independent franchise associations. We also provide members with programs, services and products which enhance their individual businesses and careers.