New York S03643 establishes the Fair Franchising Practices Act to ensure fair business practices in franchise agreements.

New York S03643, the Fair Franchising Practices Act, introduces a new article in the general business law to regulate franchise agreements. It mandates procedural fairness, a private right of action for injured parties, and duties of good faith and competence from both franchisors and franchisees. The act prohibits discrimination, anti-competitive covenants, and encroachment by franchisors. It also allows franchisees to transfer their interests without franchisor interference, provided certain conditions are met.

New York S03643 establishes the Fair Franchising Practices Act to ensure fair business practices in franchise agreements.

New York S03643, the Fair Franchising Practices Act, introduces a new article in the general business law to regulate franchise agreements. It mandates procedural fairness, a private right of action for injured parties, and duties of good faith and competence from both franchisors and franchisees. The act prohibits discrimination, anti-competitive covenants, and encroachment by franchisors. It also allows franchisees to transfer their interests without franchisor interference, provided certain conditions are met.