New York Franchise Law

New York Franchise Law regulates the relationship between franchisors (those who grant franchise rights) and franchisees (those who purchase and operate franchises). It requires franchisors to provide a detailed Franchise Disclosure Document (FDD) at least 14 days before signing a contract or payment, ensuring transparency about costs, risks, and obligations. The law aims to protect franchisees from unfair practices, require honest communication, and allow for informed decision-making. It also sets rules on franchise registration, renewal, and termination to promote fairness in franchise agreements within the state.