Franchise law consists of federal and state laws that govern the offer or sale of a franchise in the United States. On the federal level, the Federal Trade Commission has established Franchise Rules (16 CFR Parts 436 and 437). The Franchise Rules are supplemented by laws enacted in certain states. Additionally, the North American Securities Administrators Association (“NASAA”) provides guidance on franchise compliance, works with state regulators, and facilitates the transfer of franchise applications to certain state governments. Check out the Table Below Entitled “Franchising State-by-State” for a current list and brief explanation.