Oklahoma Franchise Laws
Oklahoma is a non-registration state for franchising, so franchisors do not need to register their Franchise Disclosure Document (FDD) with a state agency before offering or selling franchises. That means the pre-sale disclosure process is governed by the Federal Trade Commission’s (FTC) Franchise Rule. But, make sure you hire Oklahoma Franchise Attorneys before you franchise in the state.
While Oklahoma has a Business Opportunity Sales Act, most franchisors are exempt from its requirements. This exemption applies as long as the franchisor complies with the FTC Franchise Rule by providing the FDD to a prospective franchisee at least 14 days before a contract is signed or any payment is made. And no state filing is required to claim this exemption.
Regarding the ongoing relationship, Oklahoma does not have a franchise relationship law governing issues like termination or renewal for most business formats.
Instead, these matters are determined by the terms of the franchise agreement and general contract law.
However, specific industries, such as new motor vehicle dealers, are granted special statutory protections.
Here is a list of franchise lawyers you can hire in Oklahoma
Thomas M. Klenda
521 East 2nd Street, Suite 1200
Tulsa, Oklahoma
Gregg B. Eichner
Eighth Floor, Two Leadership Square
211 N. Robinson
Oklahoma City, Oklahoma
This Directory is owned and operated by Franchise Selection Specialists Inc., Cleveland, Ohio 44143
Joel Libava, President.
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