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David J. Kaufmann David J. Kaufmann

Following years of study and deliberation, the North American Securities Administrators Association (NASAA) Franchise Project Group—the quasigovernmental body of federal and state franchise officials which coordinates franchise regulatory activity, initiatives and policy nationwide—recommended to NASAA a new series of Franchise Disclosure Document (FDD) “state cover pages,” which NASAA voted to adopt on May 19, 2019. (Full disclosure: This author serves, and has served for over 20 years, as an Advisor to the NASAA Franchise Project Group.)

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