Franchise disclosure document (FDD)
COVID-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…
Read MoreWhen are Parent Company Financial Disclosures Required?
A franchisor selling franchises in the U.S. must disclose its audited financial statements in Item 21 of the franchise disclosure…
Read MoreTesting a New Franchise Concept
One of the toughest challenges an aspiring franchisor may face is selling its first franchise. Who would take the risk…
Read MoreCorrecting an Accidental Franchisor Violation
What’s a franchise? Franchise registration and disclosure laws define a “franchise” more broadly than people generally realize. A company may…
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 MoreAn Intellectual Property Primer for Franchisors
Intellectual property is a core asset of any franchisor. In fact, intellectual property is important to virtually all businesses. For…
Read MoreWhat’s an FPR?
Every franchise buyer wants to know how much money he or she can make from the franchised business. Franchise sellers…
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…
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