As expected, the North American Securities Administrators Association (NASAA) announced last week that it voted to adopt a “Statement of Policy Regarding the Use of Franchise Questionnaires and Acknowledgements
Continue Reading NASAA Adopts New Franchise Questionnaire PolicyIt’s Right to Be Concerned about Making Sure PPP Funds Were Used Properly (The DOJ Is Looking for Bank Fraud)
Contributed by Marissa Koblitz Kingman
The U.S. Department of Justice has recently begun charging defendants with bank fraud in relation to Paycheck Protection Program loans as part of its continuing
Continue Reading It’s Right to Be Concerned about Making Sure PPP Funds Were Used Properly (The DOJ Is Looking for Bank Fraud)
The Accidental Franchise: An Evergreen Issue
On September 28, 2021, Fox Rothschild partner Craig Tractenberg with Rochelle Spandorf from Davis Wright Tremaine LLP provided perspectives on drafting licenses and distribution agreements respecting the evergreen issue of
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Webinar: The Pandemic’s Impact on I-9 Employment Eligibility Verification
The Covid-19 pandemic has changed a lot of things, including employment verification. Does your franchise system understand the special provisions the federal government instituted in the I-9 Employment Eligibility Verification
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Franchises Have NIL Questions . . . We Have (Some) Answers
Starting on July 1, 2021. the NCAA permitted student-athletes throughout the country to profit from their name, image, and likeness (“NIL”). This decision marks a major shift from the NCAA’s
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FTC: You Are Only as Good as Your Weakest Service Provider
Contributed by Odia Kagan.
This blog has discussed the importance of ensuring and auditing your vendors’ data security practices. A recent enforcement action from the Federal Trade Commission (FTC)
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New COVID Restrictions in Pennsylvania Hit Franchising . . . Hard
At 4 p.m. today, Pennsylvania Governor Tom Wolf (who himself has tested positive for COVID) and Secretary of Health Rachel Levine issued new, “limited-time”, targeted COVID mitigation orders. The orders
Continue Reading New COVID Restrictions in Pennsylvania Hit Franchising . . . Hard
What the Heck Does Yellow Phase Re-Opening Mean (Pennsylvania)? (Updated 5/31/20)
Let’s posit you have operations in Pennsylvania, where I live, and those operations are
Continue Reading What the Heck Does Yellow Phase Re-Opening Mean (Pennsylvania)? (Updated 5/31/20)
THE BALLAD OF THE HARE AND THE TORTOISE: FASB delays ASC 606
Surprise! On April 8th, FASB delayed for one year the implementation of the new ASC 606 revenue recognition standards for private companies,[1] citing the coronavirus pandemic. In
Continue Reading THE BALLAD OF THE HARE AND THE TORTOISE: FASB delays ASC 606
FDD Item 19 Financial Performance Representations in the Age of COVID-19
With most non-essential businesses closed across the country, it is easy to forget we are two weeks away from the April 30th Franchise Disclosure Document (FDD) update deadline for franchisors
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