Barter Exchange, Inc. v. Barter Exchange, Inc.

Plaintiffs, Barter Exchange, Inc., of Chicago (Chicago Barter Exchange), and T.A.H. Companies, Inc., d/b/a Louisville Barter Exchange (TAH), filed a complaint against defendant, Barter Exchange, Inc., of Texas (Texas Barter Exchange). Plaintiffs, by their complaint, sought to rescind their respective franchise agreements with defendant on the grounds that defendant failed to comply with provisions governing the registration and sale of franchises in the Franchise Disclosure Act of 1987 (Franchise Disclosure Act) (Ill. Rev. Stat. 1987, ch. 121½, pars. 1710, 1726), and the Sale of Business…