2009 Rhode Island Code
Title 19 - Financial institutions
CHAPTER 19-28.1 - Franchise Investment Act
§ 19-28.1-8 - Delivery requirements.
SECTION 19-28.1-8
§ 19-28.1-8 Delivery requirements. – (a) It is unlawful to sell any franchise in this state without first providing a copy of a disclosure document reflecting all material changes together with a copy of all proposed agreements relating to the sale of the franchise, unless otherwise provided in subsection (b), to the prospective franchisee, at the earlier of:
(1) The prospective franchisee's first personal business meeting with the franchisor which is held for the purpose of discussing the sale or possible sale of a franchise; or
(2) Ten (10) business days prior to the execution of an agreement or payment of any consideration relating to the franchise relationship.
(b) The delivery requirements in subsection (a) do not apply to the offer or sale of a franchise which is exempt under § 19-28.1-6(2), (3), (6), or (8).
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