Nevada’s new law AB 276 provides comfort to franchisors seeking to enforce covenants not to compete in the state.
The ADP National Franchise Report states that the franchise industry added 26,000 jobs to the U.S. economy in September 2016.
California Assembly Bills 1782 and 2637, which would have improved the regulatory climate for franchises in the state, have been vetoed by Governor Jerry Brown after being passed by an overwhelming majority of the legislature.
Tomorrow (Monday, June 29, 2015), California State Assembly Bill (AB) 525 will be considered by the Senate Business, Professions and Economic Development Committee. If passed by the Senate, AB 525 will amend the existing California Franchise Relations Act by expanding protections for existing franchisees.
On May 14, 2015, the California state Assembly passed AB 525, a bill that would amend the existing California Franchise Relations Act by expanding the protections for existing franchisees. The bill is now in the Senate for consideration.
FRANData, the company that operates the Franchise Registry for the U.S. Small Business Administration (SBA), announced last week that it adopted the standard franchise definitions used by the North American Securities Administrators Association (NASAA) in the Multi-Unit Commentary that was issued in Fall 2014.