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welcome to our YouTube video series on business law my name is Christopher nouvelles of Neufeld legal and in this particular youtube video we will be looking at why franchise disclosure documents and franchise agreements no longer really serve the intended purpose of protecting the franchisee now to understand the rationale behind disclosure documents at franchise agreements we need to look back at why they were originally conceived of and that was out of the public interest by the government to protect new prospective franchisees which means the smaller guys who are buying the franchises from inappropriate and corrupt practices of larger franchise systems oftentimes the new franchise systems that were coming into play and they were taking advantage of gullible businesspeople or who are looking to start their first business so what the government decided to do was to provide some strictures with which to sort of constrain these larger these large franchise systems from not adequately