Restaurant Franchising, 3rd Edition

Franchising Agreements and Legal Documentation 105

Issuance Date

A franchisor must include the issuance date for the disclosure document

on its cover page. The “issuance date” is very fl exible, meaning any date upon

which the franchisor fi nalizes that version of the disclosure document for future

use. States that require franchisors to register their disclosure documents, how-

ever, may use the term “effective date,” meaning the date upon which the state

formally approves registration of the disclosure document. Where a franchisor

seeks registration in one or more states, the franchisor may use, in lieu of an

issuance date, an “effective date” ...