Minnesota Administrative Rules
Agency 120 - Commerce Department
Chapter 2860 - FRANCHISES
SALES PRACTICES
Part 2860.4100 - STANDARDS FOR ADVERTISEMENTS OFFERING A FRANCHISE SUBJECT TO REGISTRATION
Universal Citation: MN Rules 2860.4100
Current through Register Vol. 49, No. 13, September 23, 2024
Subpart 1. Prohibitions.
No advertisement shall make reference to:
A. the acquiring of a franchise as an
assurance of earnings or profits, as a safe investment, or as free from loss,
default, or failure or that such is impossible or unlikely;
B. projections or statements of operations of
or income from the operation of any franchise; or
C. any opinion of counsel without stating the
name and address of such counsel.
Subp. 2. Content.
All advertisements must contain the name and address of the person using the advertisement or making the offer, including the name or the primary commercial symbol of the franchisor, and the registration number assigned to the offering by the commissioner.
Statutory Authority: MS s 80C.18
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