harts in the exhibits is actually the Federal Regulators fault for an ill-conceived regulatory requirement.

Indeed, as a franchisor founder I remember two franchisees, who moved, phone numbers dead and left? We never did find them, they quit one day and the bank could not find them so they were calling us? We could not

Most business executives know the importance for updating disclosure documents and investor prospectuses. Failure to keep updated documents can and often will lead to litigation anytime an investor loses money unexpectedly. In franchising if a franchisee fails, files bankruptcy or is terminated for cause most franchisors realize that this can also trigger litigation or legal issues, even if they are settled in arbitration.

Generally in franchising this is a long drawn out process and there are always two-sides to every story. Many of these cases are similar and franchisees know that they are often bound to binding arbitration and therefore will look for discrepancies, mistakes or even questionable issues with the disclosure documents given at the original time of the sale which may have been years the prior.

As a retired franchisor many disgruntled franchisees will contact me to consult them on such things. Sometimes these upset former franchisees will appear to be grabbing at straws really? Complaining about UFOC or Uniform Franchise Offering Circular Exhibits of franchisees, changes that occur normally, former failed franchisees dropping off the face of the planet. All that kind of stuff happens naturally in any franchise company. Much of the ambiguous nature of these charts in the exhibits is actually the Federal Regulators fault for an ill-conceived regulatory requirement.

Indeed, as a franchisor founder I remember two franchisees, who moved, phone numbers dead and left? We never did find them, they quit one day and the bank could not find them so they were calling us? We could not

lize that this can also trigger litigation or legal issues, even if they are settled in arbitration.

Generally in franchising this is a long drawn out process and there are always two-sides to every story. Many of these cases are similar and franchisees know that they are often bound to binding arbitration and therefore will look for discrepancies, mistakes or even questionable issues with the disclosure documents given at the original time of the sale which may have been years the prior.

As a retired franchisor many disgruntled franchisees will contact me to consult them on such things. Sometimes these upset former franchisees will appear to be grabbing at straws really? Complaining about UFOC or Uniform Franchise Offering Circular Exhibits of franchisees, changes that occur normally, former failed franchisees dropping off the face of the planet. All that kind of stuff happens naturally in any franchise company. Much of the ambiguous nature of these charts in the exhibits is actually the Federal Regulators fault for an ill-conceived regulatory requirement.

Indeed, as a franchisor founder I remember two franchisees, who moved, phone numbers dead and left? We never did find them, they quit one day and the bank could not find them so they were calling us? We could not

e will look for discrepancies, mistakes or even questionable issues with the disclosure documents given at the original time of the sale which may have been years the prior.

As a retired franchisor many disgruntled franchisees will contact me to consult them on such things. Sometimes these upset former franchisees will appear to be grabbing at straws really? Complaining about UFOC or Uniform Franchise Offering Circular Exhibits of franchisees, changes that occur normally, former failed franchisees dropping off the face of the planet. All that kind of stuff happens naturally in any franchise company. Much of the ambiguous nature of these charts in the exhibits is actually the Federal Regulators fault for an ill-conceived regulatory requirement.

Indeed, as a franchisor founder I remember two franchisees, who moved, phone numbers dead and left? We never did find them, they quit one day and the bank could not find them so they were calling us? We could not

appear to be grabbing at straws really? Complaining about UFOC or Uniform Franchise Offering Circular Exhibits of franchisees, changes that occur normally, former failed franchisees dropping off the face of the planet. All that kind of stuff happens naturally in any franchise company. Much of the ambiguous nature of these charts in the exhibits is actually the Federal Regulators fault for an ill-conceived regulatory requirement.

Indeed, as a franchisor founder I remember two franchisees, who moved, phone numbers dead and left? We never did find them, they quit one day and the bank could not find them so they were calling us? We could not

harts in the exhibits is actually the Federal Regulators fault for an ill-conceived regulatory requirement.

Indeed, as a franchisor founder I remember two franchisees, who moved, phone numbers dead and left? We never did find them, they quit one day and the bank could not find them so they were calling us? We could not find them either, we had customers upset, and they owed us money too? We never heard once that they were having any sort financial issues, so I cannot imagine why they left and stole the equipment, etc. Interesting, people are interesting, you think you know people and then one day gone.

But no matter a franchisor must document everything, even footnote items, which are not easily understood in order to prevent future lawsuits. Of course I am not a lawyer and this is not legal advice, more of a case study of the reality of the franchising industry and need to update those UFOCs. Consider all this in 2006.