Record a written opt-out of disclosure and the Code on a renewal
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Record whether the agreement being renewed or extended is the same or substantially similar, whether the franchisor is the same, and whether the franchisee has given written notice opting out of the disclosure document and a copy of the Code. Note any statement that the disclosure document may have changed. Do not decide that the opt-out is effective.
- What the lawyer must review
- The lawyer decides whether the renewal test is met and whether the written notice covers both documents. If the agreement being renewed or extended is the same or substantially similar and with the same franchisor, the franchisee can opt out of receiving the disclosure document and a copy of the Franchising Code. The opt-out is by written notice. The page says there may be important changes to the disclosure document since it was last provided. This is an opt-out at renewal or extension. It is not the record of whether a prospective franchisee may opt out before a new grant, and it is not an opt-out of cooling-off.
- Written for / version
- US
Open a jurisdiction version of this task to see which instruments apply: US
Who does what
| Role | What they do |
|---|---|
| Assistance | Do not begin AI assistance until the responsible lawyer has defined and confirmed its permitted scope. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Both parts are required: the same or a substantially similar agreement, and the same franchisor.
- The notice is written, and it covers the disclosure document and a copy of the Code.
- A change in the disclosure document since it was last given is flagged. This is not a cooling-off opt-out.
Related tasks
Draft or review a franchise disclosure document against the prescribed headingsCheck the franchisor's disclosure and any registration the jurisdiction requiresDraft or review a franchise agreement from the disclosure and the term sheetBuild a franchisee due-diligence issues list from the disclosure pack