<?xml version='1.0' encoding='utf-8'?>
<section article="gbr" article_name="Business Regulation" number="14-223" title_number="14" title_name="Business Opportunities, Franchises, and Multilevel Distribution Companies" subtitle_number="2" subtitle_name="Franchises">
  <text>A franchisor may not sell a franchise in the State without first giving a prospective franchisee a copy of the offering prospectus and a copy of each proposed agreement that relates to the sale of the franchise at the earlier of:</text>
  <level label="1">
    <text>14 calendar days before the execution by the prospective franchisee of any binding agreement with the franchisor;</text>
  </level>
  <level label="2">
    <text>14 calendar days before payment of any consideration that relates to the franchise relationship; or</text>
  </level>
  <level label="3">
    <text>a reasonable request by a prospective franchisee to receive a copy of the offering prospectus.</text>
  </level>
</section>
