As a franchisor it is crucial to keep your FDD (Franchise Disclosure Document) properly updated. Not doing so could expose your franchise network to unnecessary legal issues from franchisees, the FTC, and any states you are registered in, including Florida. If your FDD expires, it is invalid and can no longer be used. All franchise sales activities must be stopped; that means no closings, no prospecting, and no advertising, or marketing. And, for the most part, you won’t be able to renew franchise agreements with existing franchisees or complete transfers.