Section 14-202 - Legislative policy. - Maryland Statutes

§ 14-202. Legislative policy.
 

(a)  Findings.- 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)  Intent of subtitle.- 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. 
 

[An. Code 1957, art. 56, § 346; 1992, ch. 4, § 2.]