§ 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 assure 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.
(P.L. 1993, ch. 395, § 2.)