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Can I offer a freemium version of my product or service in Oklahoma? What are the requirements?

Offering a Freemium Version of a Product or Service in Oklahoma

In Oklahoma, there are no specific laws or regulations that prohibit offering a freemium version of a product or service. However, businesses must comply with general consumer protection laws and regulations [1.1]([1.2]:).

Consumer Protection Laws and Regulations

Businesses offering a freemium version of a product or service must comply with the Oklahoma Consumer Protection Act [1.1]([1.2]:). The Act prohibits deceptive trade practices, false advertising, and unfair competition. Businesses must ensure that their marketing and advertising materials are truthful and not misleading.

Additionally, businesses must comply with the Oklahoma Uniform Consumer Credit Code [1.1]([1.2]:)[1.4]. The Code regulates consumer credit transactions and requires businesses to provide certain disclosures to consumers.

Partnership and Corporation Licensing Procedures and Requirements of Good Standing

If the business offering the freemium version is a partnership or corporation, it must comply with licensing procedures and requirements of good standing [1.2]([2.1]:). For example, a partnership must apply as a real estate broker if it performs activities that require a real estate license pursuant to Title 59, O.S., Section 858-102 of the License “Code” [1.2]. Similarly, a corporation or association must apply as a real estate business entity if it performs activities that require a real estate license pursuant to Title 59, O.S., Section 858-102 of the License “Code” [1.3]([2.1]:).

Filing of Sales Literature

If the business offering the freemium version uses sales literature or advertising, it must comply with the filing requirements of the Oklahoma Administrator [2.1]. All sales literature and advertising must be filed with and responded to by the Administrator prior to use.

Conclusion

Businesses offering a freemium version of a product or service in Oklahoma must comply with general consumer protection laws and regulations, licensing procedures and requirements of good standing if applicable, and filing requirements of the Oklahoma Administrator if sales literature or advertising is used. It is important to ensure that marketing and advertising materials are truthful and not misleading, and to provide required disclosures to consumers.

[1.4]:

Source(s):
Jurisdiction

Oklahoma