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What is a statement of material change?

By Peter Snell Changes happen in life. The dynamic business environment of franchising is no exception. Sometimes changes are calculated, and other times they are completely out of one’s control. In any event, whether planned or unplanned, changes that occur within a franchise system may require the franchisor to stop and determine whether the change is ‘material’ to any prospects currently considering purchasing a franchise. This may lead to a document called a statement of…
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