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Although the North American Securities Administrators Association (NASAA) will not adopt the final version of its FPR Commentary until later this year, state franchise examiners may still look to the current version of the commentary during this franchise registration renewal season for guidance in evaluating whether a franchisor’s FPR has a “reasonable basis.”
For this reason, there are certain requirements in the FPR Commentary that franchisors with FPRs in Item 19 of their FDDs should consider complying with right away to avoid potential comments from state examiners, registration delays, and future compliance issues.
Join Gray Plant Mooty franchise attorneys Max Schott, II and Diana Vilmenay for a 60-minute webcast on Thursday, February 16, as they share what they see as the top FPR Commentary-related issues franchisors should review before finalizing FPRs in their 2017 FDDs.
Issues discussed in the webcast will include:
Gray Plant Mooty is recognized as one of the leading corporate law firms in Minnesota and one of the top franchise firms in the world. Our roots go back to 1866. Today, we are a full-service firm with nearly 180 attorneys and offices in Minneapolis and St. Cloud, Minnesota; Washington, D.C.; and Fargo, North Dakota.