; (2) protect franchisees against unfair treatment by franchisors, who inherently have superior economic power and superior bargaining power in the negotiation of the terms and conditions of the franchise relationship; (3) provide franchisees with rights and remedies in addition to those existing by contract or common law; (4) govern franchise agreements, including any renewals or amendments, to the full extent consistent with the Constitution of the United States; and (5) create an environment that gives franchisees opportunity to thrive, therefore having the opportunity to provide better wages and benefits to their employees. 3. Unfair franchise practices (a) Misrepresentations in required disclosure In connection with any disclosure document, notice, or report required by any Federal, State, or local law, it shall be unlawful for any franchise seller, either directly or indirectly through another person— (1) to— (A) make an untrue statement of material fact; (B) fail to state a material fact; or (C) fail to state any fact which would render any required statement or disclosure either untrue or misleading; and (2) fail to furnish any prospective franchisee with— (A) all information required to be disclosed by law and at the time and in the manner required; (B) a written statement specifying, prominently and in not less than 14-point type, whether the franchise agreement involved contains a right to renew such agreement