Back in January 2022, the Franchise Memorandum reported on the North American Securities Administrators Association’s proposal to eliminate the use of acknowledgments and questionnaires that franchisors usually incorporate into their franchise sales closing process.
On September 18, 2022, NASAA officially adopted a Statement of Policy banning most acknowledgments and compliance questionnaires. For more information on the Statement of Policy and Lathrop GPM’s response, see the online alert Frank Sciremammano authored last week.
PartnerFrank Sciremammano is the Partner in Charge of the Washington, D.C. office for Lathrop GPM. Frank is a diligent problem-solver, tackling the toughest litigation issues faced by his clients. Working primarily with businesses, he ...
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The Franchise Memorandum is a collection of postings on summaries of recent legal developments of interest to franchisors brought to you by Lathrop GPM LLP.
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