uniform franchise offering circular (UFOC)

Definition

Standard US format for disclosure of franchise related information. Containing 23 categories of data, a UFOC serves as a prospectus detailing vital aspects of the franchise opportunity and must be provided to the prospective franchisee at least 10 business days before execution of the franchise agreement. Several of its sections are required to be identical in the final franchise agreement and no material inconsistencies between the two is permitted.

单词	uniform franchise offering circular (UFOC)
释义	uniform franchise offering circular (UFOC) Definition Standard US format for disclosure of franchise related information. Containing 23 categories of data, a UFOC serves as a prospectus detailing vital aspects of the franchise opportunity and must be provided to the prospective franchisee at least 10 business days before execution of the franchise agreement. Several of its sections are required to be identical in the final franchise agreement and no material inconsistencies between the two is permitted.
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