The phase-in period for the new FTC Rule has begun. By July 1, 2008, all franchisors will need to rewrite their disclosure documents to incorporate the changes required by the new Rule. For most companies, that means a rewrite in the first quarter of calendar 2008. Since it may take some time to collect much of the information that must now be disclosed, it makes sense to begin that process during the last quarter of 2007. For more information on the revised FTC Rule and implementation of the new disclosure requirements, feel free to contact any of the members of our Franchise Group.