The Securities Division of the Indiana Secretary of State issued a press release this week announcing that it filed an administrative complaint against Florida based Mac and Cheese Franchise Operations
Continue Reading Action by Indiana Securities Division Reminds Franchisors to Watch Those Item 7 Estimated Initial Investment Numbers
Indiana issued a compliance alert covering four updates to the Indiana franchise laws to take effect on July 1, 2020. The changes (i) add a duty to update FDD within
Continue Reading Indiana Franchise Compliance Alert: Changes Ahead
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
Continue Reading FDD Item 19 Financial Performance Representations in the Age of COVID-19
This was updated on April 15, 2020, to reflect changes issued by Illinois and Indiana.
This was updated on April 6, 2020, to reflect changes issued by Virginia.
On May 19, 2019, the North American Securities Administrators Association (NASAA) adopted new state cover sheets and state effective dates page for franchise disclosure documents. Beginning on January 1, 2020,
Continue Reading Did You Know? NASAA Releases New Instructions
The North American Securities Administrators Association, Inc. (“NASAA”) is proposing to revise the instructions in the NASAA Franchise Registration and Disclosure Guidelines (the “Guidelines”) that outline policies and procedures regarding
Continue Reading NASAA’s Proposed FDD Cover Page Changes: Helpful or Misleading?
Almost every year at the IFA Annual Legal Symposium in Washington D.C., a panel of distinguished franchise attorneys and state regulators will discuss best practices in drafting a franchise
Continue Reading (Almost) All Your Tricky FDD Drafting Questions Answered
Each year the ABA Forum on Franchising Annual Meeting offers a regulatory roundup on state disclosure
Continue Reading State Regulatory Roundup (ABA Franchise Forum Retrospective)
International franchisors inbound into the U.S. face a complex set of business decisions and legal regulations. Even seemingly simple tasks–like properly executing a franchise registration application–can become a time-consuming and
Continue Reading Sign Me Up! How To Waive the Notary Requirement for International Franchisors
If your brand standards require franchisees to upgrade and improve their locations, a recent federal case demonstrates how thoughtful disclaimers and disclosures can shut down a franchisee lawsuit in its
Continue Reading Required Maintenance: Upgrading and improving disclaimers and disclosures