NEW YORK FRANCHISE LAWS
Franchise Registration in New York. New York franchise law provides: “It shall be unlawful and prohibited for any person to offer to sell or sell in this state any franchise unless and until there shall have been registered with the Department of Law, prior to such offer or sale, a written statement to be known as an "offering prospectus." New York General Business Law Section 683(1).
The initial franchise registration filing fee is $750. Each annual renewal filing fee is $150. The New York state franchise regulator’s web site is here.
Business Opportunity Exemption Registration in New York. There is no state business opportunity exemption registration required for franchises in New York.
Franchise Disclosure in New York. New York franchise law requires pre-sale disclosures to prospective franchisees similar to the requirements under the FTC Franchise Rule. New York General Business Law Section 683(2).
Franchise Relationship Law in New York. New York franchise law includes restrictions and requirements regarding waiver. New York General Business Law Section 687.
We work with start-up and existing franchisors throughout the United States (and internationally). We would be delighted to discuss New York franchise law with you. Please contact us for a free initial consultation about your particular situation.
Vinson Franchise Law Firm
Vinson Law Firm PC