Franchise disclosure document (FDD)
What’s an FPR?
Originally posted on 02/01/2016, content updated on 11/30/2023 Every franchise buyer wants to know how much money he or she…
Read MoreWhen are Parent Company Financial Disclosures Required?
Originally posted 5/22/2017, no content changes. A franchisor selling franchises in the U.S. must disclose its audited financial statements in…
Read MoreTesting a New Franchise Concept
Originally posted 3/16/2017, no content changes. One of the toughest challenges an aspiring franchisor may face is selling its first…
Read MoreCorrecting an Accidental Franchisor Violation
Correcting an Accidental Franchisor Violation What’s a franchise? Franchise registration and disclosure laws define a “franchise” more broadly than people…
Read MoreSuspending Franchise Sales
In several states that require franchise registration, franchisors should suspend franchise sales while an amendment or renewal application is pending with…
Read MoreWhat’s an Exclusive Territory?
The extent of a franchisee’s territorial rights is the subject of Item 12 of the franchise disclosure document (FDD). One…
Read MoreHow New York Can Be a Center for International Franchising
New York prides itself on being an international hub of trade, finance, culture and diplomacy. Lawyers know that New York…
Read MoreCOVID-19 is About More than Item 19 Franchise Disclosures
On June 10, 2020, the Franchise Project Group of the North American Securities Administrators Association, Inc. (NASAA) issued guidance to assist…
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