1. Overview of Franchising; 2. Federal Trade Commission's Trade Regulation Rule on Franchising; A. Introduction; B. Definition of Franchise; C. Exemptions and Exclusions; D. Procedures Required by the Rule; E. Basic Disclosure Documents; F. Earnings Claims; G. Violations; 3. State Franchise Laws; A. Introduction; B. Definition of Franchise; C. Exemptions from Coverage; D. Jurisdictional Scope; E. Registration Procedures; F. Delivery of the Offering Circular; G. Sanctions; H. Business Opportunity Laws; 4. Conclusions;.