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Old 06-03-2007, 06:14 AM
The Consultant The Consultant is offline
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Join Date: Sep 2006
Posts: 106
Litigation

Does anyone know how you can do a background check on franchises to see if they have any litigation issues. A friend asked me the question and I was not sure how to find the answer unless the franchisor is a public company then you could look at the 10k reports.
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Old 06-04-2007, 08:33 AM
Ace Ace is offline
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Re: Litigation

I think but I am not sure the UFOC covers litigation but someone else should be able to answer that.
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Old 06-05-2007, 08:00 AM
Boston Boston is offline
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Re: Litigation

That is my understanding as well
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Old 06-06-2007, 06:45 AM
trio trio is offline
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Join Date: Dec 2006
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Re: Litigation

The franchisor is required to disclose whether the franchisor, its predecessors, or any affiliate has any administrative, criminal, or material civil action pending against them or if they are subject to any currently effective injunctive. In addition to current or pending actions against them, the franchisor must disclose if the franchisor, predecessors, or affiliates have ever been convicted of a gelony or pleaded no contest to a felony charge in the ten years prior to the publication of the UFOC.
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