The product must. A form of disclosure document containing required information supplied by the franchisor to the franchisee. Initially promulgated by the Midwestern Securities Commissioners to provide a uniform method to disclosure for the benefit of franchisor and franchisee, its use is permitted in non-regulated states by FTC Rule 436. Vertical and Horizontal Competition Applicable principally to price fixing or tying arrangements. Also in franchising, horizontal competitors are those offering a franchise or franchise product similar in price, whereas vertical competitors are similar in product or service but not in price.
Price fixing is illegal at any level of an organization.
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