Fair Franchise Act of 2017

[AI summary unavailable — showing source text] Fair Franchise Act of 2017 This bill prohibits any franchise seller, in connection with any disclosure document, notice, or report required by any federal, state, or local law, from making an untrue statement of material fact or failing to state a material fact or any other fact that would render any required statement or disclosure either untrue or misleading. A franchise seller is also prohibited from failing to furnish any prospective franchisee with: all information required to be disclosed by law; a written statement on whether the franchise agreement involved contains a right to renew it; and certain historical financial performance data in the disclosure document. Nor may a franchise seller make any oral or written claim or representation to a prospective franchisee that is inconsistent with, or that contradicts, the disclosure document. A franchisor or subfranchisor, in connection with the performance, enforcement, renewal, or termination of any franchise agreement, must not: engage in any act or pattern of conduct that operates as a fraud upon any person; hinder, prohibit, or penalize the free association of franchisees for any lawful purpose; discriminate against a franch…