The COVID-19 pandemic has significantly impacted the economy, our way of life, and how businesses need to be operated. In the franchising context, 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 relate to matters that may be impacted by COVID-19, such as the cost to establish the franchise, the training program, and supply chain considerations. 

In times of economic uncertainty, ensuring that such disclosure is made appropriately becomes even more important. Franchisors must consider what constitutes a material fact during a time when so many things are in flux and uncertain (including government regulations). This session will examine the best practices for franchisor disclosure during challenging and unprecedented times.

Learning takeaways:

-Learn more about what constitutes a material fact in today’s economic climate
-Receive advice for how to update the disclosure document to meet current needs
-Gain insight into overall best practices regarding disclosure to help guide you through the process