What You Need to Know About Franchising
Considering starting a franchise, or maybe buying an existing one, in Connecticut? There are a few regulations that you need to be aware of in this registration state. While there aren’t specific franchise laws in Connecticut, there is the Connecticut Business Opportunity Investment Act, which governs the sale of businesses (including franchises) in the state.
What this means for you, if you have a franchise you want to sell, is that you may need to register with the Connecticut Department of Banking. If you have a primary trademark that is not registered with the United States Patent and Trademark Office (USPTO), you are required to register your franchise disclosure document (FDD). If your trademark is registered with the USPTO, you can claim a registration exemption through an exclusion notice.
There are more than 7,000 Connecticut franchised locations, providing 85,000 jobs.
550 of Connecticut’s franchise locations are donut shops.
67% of Connecticut residents say franchises are part of their everyday lives.
(or potential franchisors)
(franchisees & franchisors)
(or potential franchisees)
Attorneys Who Understand CT Franchise Law
Franchise laws vary from state to state, and it can be difficult to understand the requirements. Spadea Lignana has streamlined the process to ensure you remain compliant as you grow nationally.
Flat Fee Program for Franchisors
Spadea Lignana’s CORE program for franchisors is a cost-effective and practical solution for the ongoing legal needs of franchisors, including but not limited to, FDD updates, state registrations and franchise agreement executions. Through a proprietary cloud-based system we can effectively and efficiently manage FDD Disclosures and Franchise Agreement executions for fair flat fees billed monthly. We believe that hourly billing, although necessary in certain circumstances like complex M&A deals and litigation, can weigh on the relationship between client and attorney. By coming up with a fair flat monthly fee, the uncomfortable negotiating of whether or not a 6 minute increment in your bill for replying to an email was legitimate goes away.