Sec. 2. This chapter applies to an offer or
franchise if:
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Terms Used In Indiana Code 23-2-2.5-2
- Advertisement: means any published communication which offers any franchise for sale. See Indiana Code 23-2-2.5-1
- Franchise: includes a contract whereby the franchisee is granted the right to sell franchises on behalf of the franchisor. See Indiana Code 23-2-2.5-1
- Franchisee: means a person to whom a franchise is granted. See Indiana Code 23-2-2.5-1
- Franchisor: means a person who grants a franchise. See Indiana Code 23-2-2.5-1
- sell: includes every contract or agreement of sale of, contract to sell, or disposition of, a franchise or interest in a franchise for value. See Indiana Code 23-2-2.5-1
- State: includes a territory or possession of the United States, the District of Columbia, and Puerto Rico. See Indiana Code 23-2-2.5-1
(b) the franchised business contemplated by the offer or franchise will be or is operated in Indiana.
An offer to sell is not made in this state because the franchisor circulates or there is circulated on his behalf in Indiana an advertisement in: (1) a bona fide newspaper or other publication of general, regular and paid circulation which has had more than two-thirds (2/3) of its circulation outside this state during the past twelve (12) months; or (2) a radio or television program originating outside this state which is received in Indiana.
Formerly: Acts 1975, P.L.262, SEC.1.
