Call Today: (800) 976-4904
As a franchisor‚ you are probably well aware of your obligation to properly disclose and deliver your FDD to prospective franchisees. However‚ too many franchisors and‚ even‚ franchise lawyers‚ fail to realize the ciritical significance of FDD updates and renewals. Sure‚ everyone is aware (at least‚ I hope) of the annual update and registration renewal process‚ however you may be required to update and re-register your FDD on a more frequent basis. The following are some update timelines you need to be aware of:
WHY DOES THIS MATTER – Because if your FDD is not both current and registered (in applicable states) you will be forever tainting your franchise sales process. Consider that your future right to “rescind” your franchise agreement and their obligation to pay royalties.
LEARN MORE: In the following video I discuss this topic in more detail.
Category: Start a Franchise
With services to make your growth strategy simple, cost effective, and with a team excited to help you, let’s talk about how we can help grow your brand. Click on the button below or call us at (800) 976-4904.
With services to make your growth strategy simple, cost effective, and with a team excited to help you, let’s talk about how we can help grow your business.
Fill out the following form and we’ll contact you as soon as possible. To reach our team directly, give us a call at (800) 976-4904.
An attorney client relationship is not established by submitting this initial contact information.