Illinois Franchise Disputes

The purpose of this article is to provide a summary of Illinois franchise law and federal franchise law as applied in Illinois.   Because franchises are governed by both federal and state regulations, franchise law is complex, and an experienced franchise attorney should be an essential part of your team, whether you are a franchisor or franchisee. 

‍WHAT IS THE DEFINITION OF A FRANCHISE IN ILLINOIS?

‍It is important to understand that regardless of the label that the parties to an agreement place on the agreement (e.g. joint venture, licensing agreement, consulting agreement), the relationship between two parties will be considered a franchise, and therefore will be subject to state and federal franchise laws, if the relationship possesses the legal elements of a franchisor/franchisee relationship.   The elements of a franchise vary slightly from state to state.  However, Illinois has adopted the federal definition of the term "franchise."

In this article, we discuss Illinois Franchise Laws that may affect you in the year 2021, including:

• In Illinois, who regulates franchises?;

• What Should I Include in my application for FDD registration?;
• What are the Illinois FDD registration and Renewal Fees?;  
• Where send the FDD registration application be sent?;
• How long does it take to get an FDD license?;
• What types of franchise transactions in Illinois need FDD registration?; and

• Financial Assurance Registration Requirements in Illinois  

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