---
title: "Schedule a material-change revision of the disclosure document"
url: "https://ailawframework.com/practice/franchising-and-distribution/notify-franchisees-of-a-materially-relevant-fact-within-the-code-deadlin/united-states"
type: "task_jurisdiction_version"
site: "AI Law Framework"
id: "A34-R20261018-3-US"
practice_area: "Franchising & Distribution"
tier: "yellow"
lawyer_review: "required"
jurisdictions: ["US"]
last_reviewed: "2026-10-22"
---

# Schedule a material-change revision of the disclosure document

> 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.

Canonical page: https://ailawframework.com/practice/franchising-and-distribution/notify-franchisees-of-a-materially-relevant-fact-within-the-code-deadlin/united-states  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Franchising & Distribution](https://ailawframework.com/practice/franchising-and-distribution.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| 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 | United States |
| Applies to | [Notify franchisees of a materially relevant fact within the Code deadline](https://ailawframework.com/practice/franchising-and-distribution/notify-franchisees-of-a-materially-relevant-fact-within-the-code-deadlin.md) |

## Checking plan

- What the AI does: 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.
- Basis: Checked against the linked sources on 22 October 2026. Confirm the current instrument before reliance.

## Notes

- Do not turn a reasonable time into a fixed number of days.
- The quarterly revision goes to prospective franchisees with the disclosure document.

## Sources

- [16 C.F.R. Part 436, Franchise Rule (eCFR)](https://www.ecfr.gov/current/title-16/chapter-I/subchapter-D/part-436) (checked 2026-10-22)
- [FTC Franchise Rule](https://www.ftc.gov/legal-library/browse/rules/franchise-rule) (checked 2026-10-22)

## Forms and precedents for this task

| Form or precedent | Kind | AI level | Summary |
| --- | --- | --- | --- |
| [Materially relevant facts to be told to franchisees](https://ailawframework.com/precedents/franchising-and-distribution/materially-relevant-facts.md) | Checklist | Yellow | Checklist of the materially relevant facts and the 14-day written notice described on the ACCC information and document obligations page. |

Signed-in accounts can read the full text of each one.

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*