The COVID-19 pandemic has significantly impacted the economy, our way of life, and how businesses need to be operated. For franchising, it is important to consider how these changes might impact franchise disclosure. While many of the franchisor’s disclosure requirements relate to factual or historical matters, certain disclosure obligations related to matters that may be impacted by COVID-19, such as the cost to establish the franchise, the training program, and supply chain considerations.

Ensuring such disclosure is made appropriately becomes even more important in times of economic uncertainty. What new information should be included in your FDD? Do you need to disclose that the brand or your franchisees are using government programs such as CEWS and CECRA? Do you need to disclose that you have laid off corporate staff or that your are giving some franchisees royalty relief? Do you need to change your earning claims statement? Attend this session to learn about what constitutes a material fact in today’s economic climate, receive advice on how to update your franchise disclosure document, and gain insights into franchise disclosure best practices to guide you through the process.