Given the broad scope of this definition, franchisors must think carefully about the facts that are likely to be material with respect to each franchise being offered, and make sure that the disclosure document
provided to a prospective franchisee covers all material facts (including any site-specific information about the franchise being offered).
The POS disclosure document
should be concise, set out key information about a product and may include, as appropriate, links or refer to other information.
Both Jarvis and Coleman suggest franchisors prepare a national disclosure document
that meets the disclosure obligations of each of the provinces so that it can be used in any of the provinces requiring disclosure.
In fact, one of the focus groups used in the development of the disclosure document
sought input from producers, he said.
The Franchises Act of Alberta provides protection to prospective franchisees by requiring franchisors to provide a disclosure document
to franchisees in a timely manner and by providing several remedies to franchisees for breaches of the Act.
The checklist covers items such as state registration/exemption status, timing of FDD delivery, correct dates on disclosure document
receipts, proper identification of franchise sellers, proper signing of agreements (including any state-specific amendments or riders), and proper formation and ownership of business entity franchisees.
Such steps could include becoming familiar with the disclosure documents
and questioning the issuer's officials, employees and agents about the disclosure of those facts.
Therefore, sellers who make such promises must include the material terms of the refund or cancelation policies in an attachment to the disclosure document
The first occurs when a solicitor gives the prospect part II of form ADV but fails to provide the separate disclosure document
This report includes a complete copy of the Franchise Disclosure Document
(FDD) for the Papa John's franchise brand effective 08/03/2012 (Adobe PDF format).
federal and state law to provide pre-sale disclosures in the form of a franchise disclosure document
and the obligation to register in certain states before sales are made.
com/research/cfgcr2/2012_burger_king_f) has announced the addition of the "2012 Burger King Franchise Disclosure Document
(FDD)" company profile to their offering.