16 CFR 436.7 - Instructions for updating disclosures

Cite as16 CFR 436.7
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6 practice notes
  • Business Opportunity Rule
    • United States
    • Federal Register December 08, 2011
    • December 8, 2011
    ...and burdens more frequent updating would entail.\383\ --------------------------------------------------------------------------- \382\ 16 CFR 436.7(b) and interim Business Opportunity Rule Sec. \383\ 71 FR at 19072. --------------------------------------------------------------------------......
  • Franchise Disclosure and Sales Compliance
    • United States
    • Franchise Law Compliance Manual, Second Edition
    • January 1, 2011
    ...CORP. CODE § 31107. 88. N.Y. GEN. BUS. LAW § 200.3(h)(3), Bus. Franchise Guide (CCH) ¶ 5320. 89. Bus. Franchise Guide (CCH) ¶ 6182. 90. 16 C.F.R. 436.7(d). 91. See, e.g., ILL. ADMIN. CODE § 14A.135.353, Bus. Franchise Guide (CCH) ¶ 5,138.07; MINN. RULES 2860, 2400, Bus. Franchise Guide (CCH......
  • Sugarlips Bakery, LLC v. A&G Franchising, LLC, 3:20-cv-00830
    • United States
    • United States District Courts. 6th Circuit. United States District Court of Middle District of Tennessee
    • January 24, 2022
    ...and “[a]ll information in the disclosure document” must “be current as of the close of the franchisor's most recent fiscal year.” 16 C.F.R. § 436.7(a). The plaintiffs assert, upon information and belief, that A&G's FDD was “created, read, and approved” by Thompson and Butler. (Doc. No. 1 ¶ ......
  • MTR Capital, LLC v. LaVida Massage Franchise Dev., Inc., 17-CV-13552-TGB
    • United States
    • United States District Courts. 6th Circuit. United States District Court (Eastern District of Michigan)
    • November 6, 2020
    ...C.F.R. § 436: § 436.9(c), § 436.5(g), § 436.5(t), and § 436.7(b). The Court finds that Plaintiff successfully alleges a violation of 16 C.F.R. § 436.7(b). a. Financial performance representations First, Plaintiff cites 16 C.F.R. § 436.9(c), which states that it is a violation of the FTC Act......
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2 cases
  • Sugarlips Bakery, LLC v. A&G Franchising, LLC, 3:20-cv-00830
    • United States
    • United States District Courts. 6th Circuit. United States District Court of Middle District of Tennessee
    • January 24, 2022
    ...and “[a]ll information in the disclosure document” must “be current as of the close of the franchisor's most recent fiscal year.” 16 C.F.R. § 436.7(a). The plaintiffs assert, upon information and belief, that A&G's FDD was “created, read, and approved” by Thompson and Butler. (Doc. No. 1 ¶ ......
  • MTR Capital, LLC v. LaVida Massage Franchise Dev., Inc., 17-CV-13552-TGB
    • United States
    • United States District Courts. 6th Circuit. United States District Court (Eastern District of Michigan)
    • November 6, 2020
    ...C.F.R. § 436: § 436.9(c), § 436.5(g), § 436.5(t), and § 436.7(b). The Court finds that Plaintiff successfully alleges a violation of 16 C.F.R. § 436.7(b). a. Financial performance representations First, Plaintiff cites 16 C.F.R. § 436.9(c), which states that it is a violation of the FTC Act......
1 firm's commentaries
  • ABCs of Franchising: Who Is a Franchisor?
    • United States
    • JD Supra United States
    • June 29, 2018
    ...sale. 16 C.F.R. 436.2. Moreover, the Franchise Rule requires regular updates to the FDD and allows for amendments when necessary. 16 C.F.R. 436.7. In addition to complying with the Franchise Rule’s disclosure requirements, franchisors must also comply with individual states’ laws. Certain s......
2 books & journal articles
  • Franchise Disclosure and Sales Compliance
    • United States
    • Franchise Law Compliance Manual, Second Edition
    • January 1, 2011
    ...CORP. CODE § 31107. 88. N.Y. GEN. BUS. LAW § 200.3(h)(3), Bus. Franchise Guide (CCH) ¶ 5320. 89. Bus. Franchise Guide (CCH) ¶ 6182. 90. 16 C.F.R. 436.7(d). 91. See, e.g., ILL. ADMIN. CODE § 14A.135.353, Bus. Franchise Guide (CCH) ¶ 5,138.07; MINN. RULES 2860, 2400, Bus. Franchise Guide (CCH......
  • Registration
    • United States
    • Fundamentals of Franchising, Fourth Edition -
    • January 1, 2015
    ...not require registration but does require disclosure and certain record-keeping requirements. ORE. REV. STAT. §§ 650.005 et seq. 4. 16 C.F.R. § 436.7; see Section II.A. infra, discussing amendments and renewals and what constitutes a “material I. Overview of State Regulation of Franchise Sa......

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