Schedule a material-change revision of the disclosure document

Key facts

Human involvement: YellowClose supervision
How AI is used: Record the fiscal-year end, the quarter end, and the change the lawyer has identified. Do not calculate a day count for the quarterly revision beyond the words of the rule, and write no notice to franchisees.
What the lawyer must review: Section 436.7(a) requires a revised disclosure document within 120 days after the close of the fiscal year. Section 436.7(b) requires the franchisor, within a reasonable time after the close of each quarter, to prepare revisions reflecting any material change to the disclosures, to be attached to the disclosure document. Each prospective franchisee receives the document and the quarterly revisions for the most recent period available. The rule as opened does not set a numbered day count for that reasonable time, and it does not require a separate notice to existing franchisees on an Australian code timetable. Section 436.7(d) requires notice to a prospective franchisee of material changes the seller knows or should have known in an Item 19 financial-performance representation. The lawyer writes any notice.
Written for / version: United States versionUS

Who does what

Who does what
Role	What they do
Assistance	Potential support includes identifying points for review and assembling provisional schedules. Confirm the tool’s capability and permitted scope.
Lawyer	Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output.

Trace every relied-on figure to its source, confirm dates and assumptions, and independently recalculate totals or derived amounts.
Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.