(a) The General Assembly finds that: (1) the widespread sale of franchises has created many investment and business problems; and (2) franchisees have suffered substantial losses when the franchisor or its representative has not given complete information about: (i) the franchisor-franchisee relationship; (ii) the franchise agreement; and (iii) the business experience of the franchisor or its representative. (b) The intent of this subtitle is to: (1) give each prospective franchisee necessary information about any franchise offer; (2) prohibit the sale of franchises if the sale would lead to fraud or a likelihood that the franchisor's representations would not be fulfilled; and (3) protect the franchisor-franchisee relationship.
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