California recently made a significant move in the franchise industry with Governor Gavin Newsom’s signing of Senate Bill 919 (S.B. 919). This bipartisan legislation introduces new registration and pre-sale disclosure requirements for third-party franchise sellers, including brokers, broker networks and franchise sales organizations. The bill aims to enhance transparency during the franchise sales process, an area that has long been under scrutiny.
The International Franchise Association (IFA) was a vocal supporter of this legislation, citing its alignment with the principles outlined in the IFA’s Responsible Franchising initiative. By focusing on
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