Rhode Island § 19-28.1-2 § 19-28.1-2. Legislative intent.

Rhode Island Statutes

§ 19-28.1-2 — § 19-28.1-2. Legislative intent.

Rhode Island § 19-28.1-2

Title 19Financial institutions

Ch. 19-28.1Franchise Investment Act

This text of Rhode Island § 19-28.1-2 (§ 19-28.1-2. Legislative intent.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 19-28.1-2 (2026).

Text

§ 19-28.1-2. Legislative intent.
The legislature finds that franchisees may suffer substantial losses when the franchisor
            does not provide complete information regarding the franchisor and the franchise relationship.
            The legislature also finds that many franchisees lack bargaining power and purchase
            a franchise when they are unfamiliar with operating a business, the franchised business
            and with industry practices in franchising. The act seeks to ensure that each offeree
            receives the information necessary to make an informed decision about the offered
            franchise. Further, it is the intent of this chapter to prohibit the sale of franchises
            

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§ 19-28.1-2. Legislative intent.

The legislature finds that franchisees may suffer substantial losses when the franchisor does not provide complete information regarding the franchisor and the franchise relationship. The legislature also finds that many franchisees lack bargaining power and purchase a franchise when they are unfamiliar with operating a business, the franchised business and with industry practices in franchising. The act seeks to ensure that each offeree receives the information necessary to make an informed decision about the offered franchise. Further, it is the intent of this chapter to prohibit the sale of franchises when there is a likelihood that the franchisor's promises will not be fulfilled.