16 C.F.R. §436.7 - Instructions for updating disclosures
| Cite as | 16 C.F.R. §436.7 |
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4 cases
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Lunt v. Frost Shades Franchising, LLC
...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). Frost Shades is a franchisor whose franchisees “sell[] and install[] residential window tinting, commercial window tinting, decorative and ......
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B&P Glass & Mirror LLC v. Clozetivity Franchising, LLC
...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). Clozetivity is a franchisor whose franchisees “provide[] customized closet and storage solutions.” (Doc. No. 1 ¶¶ 2, 8.) It is organized as......
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Sugarlips Bakery, LLC v. A&G Franchising, LLC, 3:20-cv-00830
...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 ¶ ......
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MTR Capital, LLC v. LaVida Massage Franchise Dev., Inc., 17-CV-13552-TGB
...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
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ABCs of Franchising: Who Is a Franchisor?
...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
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Franchise Disclosure and Sales Compliance
...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......
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Registration
...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......