Delivery may be effected by email or pre-paid courier; however, if a
disclosure document is to be delivered by way of a prepaid courier, the franchisor must ensure that the method of delivery allows for tracking and confirmation of receipt of the
disclosure document by the prospective franchisee, which is not a requirement in the other provinces that provide for delivery by prepaid courier.
The POS
disclosure document should be clear, fair, not misleading and written in a plain language designed to be understandable by the consumer.
1) Information Regarding Seller--The seller's identifying information including name, business address, telephone number, the name of the salesperson offering the business opportunity, and the date when the FTC business opportunity
disclosure document was furnished to the purchaser.
"And now, in many cases, you have to have a customized
disclosure document for each candidate.
The new Safe Harbor
Disclosure document follows enhancements to LoanSifter's product suite that enable clients to customize and report on their own loan officer compensation plans, thus providing the tools to better manage compliance.
Deputy Governor Grant Spencer said the changes in disclosure requirements will significantly reduce banks' compliance costs, while at the same time creating more manageable
disclosure documents that are better aligned with the needs of investors and analysts.
If a
disclosure document is required, Lanam explained that the sentiment was to make it a strong enough one so that it would be used to meet that requirement.
The letters and opinions referred to by the practitioners are "incidental" to the statements in the
disclosure documents. For example, such letters and opinions would include the following: (1) 10b-5 letters, disclosure letters, or negative assurances letters, (2) opinions on the accuracy of the U.S.
When considering whether to take the plunge, obtain a copy of the franchisor's
disclosure document (which outlines the most important characteristics a successful franchisee is likely to have).
Section 4 of the Act imposes a duty upon a franchisor to give every prospective franchisee a copy of the franchisor's
disclosure document. The
disclosure document must be received by the prospective franchisee at least fourteen days before the signing by the prospective franchisee of any agreement relating to the franchise or the payment of any consideration by the prospective franchisee relating to the franchise, whichever is earlier.
First, anti-fraud rules apply, thus requiring a
disclosure document, however brief.
Unlike most state laws, the federal franchise rule does not require that a franchisor file its
disclosure document with the commission; thus, no federal review ensues which ultimately ensures compliance.
