Starting your journey as a franchisee is both thrilling and challenging. You’ll come across the Franchise Disclosure Document (FDD). It’s a detailed legal document that offers crucial information about the franchise you’re interested in. I’ll help you understand the FDD’s main parts. This will prepare you to make a smart choice about your franchise investment.
Key Takeaways
- The Franchise Disclosure Document (FDD) is a legal document that must be provided to potential franchisees before they can invest in a franchise.
- The FDD outlines the roles, responsibilities, and financial obligations of both the franchisor and the franchisee.
- Understanding the FDD can help franchisees assess the risks and potential rewards of a franchise opportunity.
- Reviewing the FDD thoroughly can uncover important details about the franchisor’s background, financial stability, and past performance.
- The FDD is designed to enable potential franchisees to make an informed decision about their investment in the franchise.
What Is a Franchise Disclosure Document (FDD)?
When you look at franchise opportunities, the Franchise Disclosure Document (FDD) is very important. It gives a detailed look at the franchise deal. It shows what both sides agree to do and what they have to do.
Key Takeaways
- Franchisors must give the FDD to anyone who wants to buy a franchise at least 14 days before signing anything.
- The FDD has lots of info, like how much money the franchise makes, who owns it, and what fees you’ll pay.
- It also has copies of contracts you’ll have to sign, like the standard franchise agreement.
Understanding a Franchise Disclosure Document (FDD)
A franchise lets someone use a business’s secrets and trademarks. This lets them sell things or offer services under the business’s name. They pay fees to use these things.
The FDD helps people decide if they want to buy a franchise. It tells you what you get and what you have to do. It also explains the rules and how the business will help you.
Requirements for a Franchise Disclosure Document (FDD)
Starting a franchise can seem hard. But knowing about the Franchise Disclosure Document (FDD) is key. The FDD is a detailed document that franchisors must give to those interested in franchising. It has important info about the franchise.
The Federal Trade Commission (FTC) says the FDD has 23 parts. You must look at each part before you sign anything or pay money. Franchisors must give the FDD at least 14 days before you sign or pay fees.
As someone looking to franchise, you get the FDD after you apply. It helps you know what the franchise needs, your rights, and the money you might spend.
Some important things in the FDD include:
- Upfront Fees (FDD Item 5): All fees you must pay before starting the business.
- Estimated Initial Investment (FDD Item 7): A range of costs to start and open the business.
- Financial Performance Representations (FDD Item 19): Any claims about how well the franchise might do financially.
- Financial Statements (FDD Item 21): The franchisor’s financial reports must be in the FDD.
It’s very important to read the FDD well and understand it. This helps you make a smart choice about the franchise. The FDD is your main tool for checking if the franchise is good and what you’ll have to do.
“The Franchise Disclosure Document is the foundation for a successful franchise relationship. Carefully reviewing this document can help franchisees make informed decisions and set realistic expectations.” – Jane Doe, Franchise Consultant
Sections of the Franchise Disclosure Document (FDD)
The Franchise Disclosure Document (FDD) is very important. It gives potential franchisees key info about the franchisor and the franchise system. It covers many things, like the franchisor’s background and the financial and legal parts.
The Franchisor and Any Parents, Predecessors, and Affiliates
This part tells about the franchisor’s history and structure. It also talks about any parent companies or affiliates. It helps franchisees understand the franchisor’s experience and the franchise system.
Business Experience
The business experience section talks about the franchise’s executive team. It shows their qualifications and experience in running the franchise.
Litigation
This section lists any legal actions against the franchisor or its affiliates. It helps franchisees see the franchisor’s legal history and any risks.
Bankruptcy
The bankruptcy section talks about any bankruptcies involving the franchisor or its affiliates. It helps franchisees check if the franchise is financially stable.
Initial Fees
The initial fees section lists the one-time costs for starting a franchise. This includes the franchise fee and other upfront charges. It’s important for franchisees to know these costs.
Other Fees
This section talks about the fees franchisees will pay regularly. This includes royalty fees and other ongoing charges. Knowing these fees helps franchisees plan their finances.
Estimated Initial Investment
The estimated initial investment section gives a range of costs for starting the franchise. This includes the franchise fee, equipment, and other startup costs. It helps franchisees budget their initial investment.
Restrictions on Sources of Products and Services
This section talks about any required purchases or supplier restrictions. It helps franchisees understand the financial and operational implications.
Franchisee’s Obligations
The franchisee’s obligations section outlines the legal duties and rights of the franchisee. It includes details on operational duties and reporting requirements. It’s important for franchisees to know their contractual obligations.
Financing
This section covers the financing options for franchisees. It includes any help or arrangements from the franchisor. It helps franchisees explore their funding options.
Franchisor’s Assistance, Advertising, Computer Systems, and Training
The franchisor’s assistance section talks about the support and training provided by the franchisor. It includes details on advertising and technology support. It helps franchisees understand the level of support they can expect.
Territory
This section addresses any geographical restrictions or territories assigned to the franchisee. It provides information on exclusivity and potential competition. It helps franchisees understand their market area.
Trademarks
The trademarks section discloses the registered trademarks and intellectual property of the franchise. It helps franchisees understand the branding and protection of the franchise’s intellectual property.
Patents, Copyrights, and Proprietary Information
This section covers any patents, copyrights, or proprietary information owned by the franchisor. It helps franchisees understand the franchise’s intellectual property and any restrictions on its use.
By understanding the FDD sections, prospective franchisees can make informed decisions. They get a clear picture of the franchisor’s background, financial obligations, and legal requirements.
Obligation to Participate in the Actual Operation of the Franchise Business
When you want to be a franchisee, you need to know how much work it is. The Franchise Disclosure Document (FDD) tells you all about it. It makes sure you know what to expect.
The federal Franchise Rule says franchisors must tell you if you have to work in the business. They must say if you can just invest or if you need to be involved. This is in Item 15 of the FDD.
Franchisors also have to say how much time you’ll spend working in the business. They must tell you if you need to be there in person or if you can manage from afar. If you don’t have to be there, they must say if they think you should be.
If you own the business as a company, franchisors must tell you about the ownership rules. They must also say if there are any rules for your managers. This includes keeping secrets and not competing with others.
Talking to a good franchise lawyer is a good idea. They can help make sure everything is clear and right in Item 15 of the FDD.
| Key Requirement | Description |
|---|---|
| Franchisee Participation | Franchisors must disclose the franchisee’s obligation to participate personally in the direct operation of the franchised business and whether the franchisor recommends participation. |
| Time Commitment | Franchisors must disclose the amount of time a franchisee will be expected to be directly involved in the operations, including managing and supervising staff. |
| On-Premises Supervision | If personal on-premises supervision is not required, franchisors must disclose whether they recommend on-premises supervision by an individual franchisee. |
| Equity Interest | For franchisees operating as a business entity, franchisors must disclose the amount of equity interest that on-premises supervisors must have in the franchised business (if applicable). |
| Restrictions on Managers | Franchisors must disclose any restrictions franchisees are required to place on the managers of the franchised business, such as confidentiality, nondisclosure of trade secrets, non-competition agreements, or other similar restrictions. |
Looking at Item 15 of the FDD helps you know how much work you’ll do. This lets you decide if you’re ready for the job. It helps you make a smart choice.
Restrictions on What the Franchisee May Sell
When you think about getting into a franchise, it’s key to know what you can sell. The Franchise Disclosure Document (FDD) tells you this in Item 16. It’s a legal paper the Federal Trade Commission (FTC) makes franchisors use.
Item 16 says if you can only sell what the franchisor picks. It also talks about if you must sell everything they approve. This makes sure all places selling the brand’s stuff do it the same way.
It also talks about buying things like equipment and inventory. You have to buy from certain suppliers. The franchisor might be the only one you can buy from. They have to tell you if they make money from these rules.
Renewal, Termination, Transfer, and Dispute Resolution
The franchise agreement has rules for renewing, ending, transferring, and solving problems. It’s important to read these parts carefully. This way, you know your rights and how to handle any issues that come up.
| Key Franchise Agreement Terms | Description |
|---|---|
| Renewal | The conditions and procedures for renewing the franchise agreement, including any fees or requirements the franchisee must meet. |
| Termination | The grounds for which the franchisor or franchisee can terminate the agreement, as well as the associated consequences and procedures. |
| Transfer | The process and requirements for transferring the franchise to a new owner, including any fees or franchisor approval needed. |
| Dispute Resolution | The methods for resolving conflicts between the franchisor and franchisee, such as mediation, arbitration, or litigation. |
Knowing these important parts of the agreement helps you make a smart choice. It prepares you for the different parts of being a franchisee.
Public Figures
Choosing the right public figure for your franchise can boost your brand’s credibility and visibility. But, the Franchise Disclosure Document (FDD) has rules for this. It says you must tell about any public figures involved in your franchise.
Item 18 of the FDD asks for info on public figures like celebrities or athletes. You need to share how they’re involved, if they get paid, and if they own part of your company.
What counts as a “public figure” is wide. It includes local leaders or famous people on social media. These are people known in your area.
You must be open about public figures in your franchise. If you use their names or pictures in ads, you must say so. Also, if they help run your company or own shares, you need to tell this too.
Handling public figure info can be tricky. It’s smart to talk to a franchise lawyer to follow the FTC’s rules. Being clear about public figure ties can help build trust with future franchisees.
“Leveraging the power of public figures can be a game-changer for franchises, but it’s crucial to do so transparently and in compliance with the law.”
Financial Performance Representations
When you’re thinking about buying a franchise, knowing the money side is key. Franchisors share financial info in Item 19 of the Franchise Disclosure Document (FDD). This info shows what the franchise might make.
There are many types of financial info, like how much money is made, profit margins, and future earnings guesses. This info is important for making decisions about buying a franchise.
Franchisors must back up their financial claims with solid evidence. If they don’t share this info, they must say so in the FDD.
The FDD’s Item 19 usually has past data like sales, income, and profit. Sometimes, it also has EBITDA and KPIs that fit the franchise’s type.
Not all franchises share this info, but it’s very helpful. If a franchise doesn’t have this data at first, they can add it later. They use data from franchisees to show a clearer picture of the business.
When looking at a franchise, check the financial info in the FDD. It shows what the franchise might make. Remember, results can vary, and you should do your own research before deciding.
Outlets and Franchise Disclosure Agreement Information
When you want to buy a franchise, knowing the system’s stats is key. The Franchise Disclosure Document (FDD) helps a lot. It shows how the franchise network grows and changes.
The number of franchised outlets has grown a lot. In 2017, 203 new outlets were added. Then, 234 more in 2018, and 1,424 in 2019.
Company-owned outlets have seen smaller changes. There was a 20 outlet increase in 2017. Then, a 69 outlet decrease in 2018, and a 65 outlet increase in 2019. Overall, the number of outlets has also grown a lot.
The FDD also talks about outlet transfers. In 2019, 4 transfers happened in North Carolina and South Carolina. It also shows how many outlets were open or closed that year.
The FDD has 23 key items. The Federal Trade Commission makes sure all FDDs have these. It includes financial info and legal details about the franchisor-franchisee relationship.
Looking at the Outlets and Franchise Disclosure Agreement Information helps you understand the franchise system. You’ll learn about the number of outlets, the legal and financial aspects, and more.
| Metric | 2017 | 2018 | 2019 |
|---|---|---|---|
| Net change in franchised outlets | +203 | +234 | +1,424 |
| Net change in company-owned outlets | +20 | -69 | +65 |
| Total change in outlets | +223 | +165 | +1,489 |
The Franchise Disclosure Document (FDD) is full of important info. It talks about franchise system statistics and company-owned vs. franchised outlets. By reading this section, you can learn a lot about the franchise’s growth and legal side. This helps you make a smart choice about investing.
Financial Statements
When you want to start a franchise, look closely at the franchisor’s money reports. These reports are in the Franchise Disclosure Document (FDD). They show you the franchise financials and the franchisor financial health. This helps you decide if the franchise is right for you.
The FDD has money reports for three years. You’ll see balance sheets, statements of operations, and more. This is in Item 21 of the FDD. It gives you a full picture of the franchisor’s money situation.
How much money info you get depends on the franchisor’s age. New franchisors might show less detailed reports at first. But older franchisors must share three years of detailed reports.
| Franchisor Age | Financial Statement Requirements |
|---|---|
| First or Second Fiscal Year | Less stringent disclosure requirements |
| Third Fiscal Year and Beyond | Must include three years of audited financial statements in compliance with US GAAP |
Looking at the franchisor’s money reports can tell you a lot. You’ll learn about the company’s money health and growth chances. This helps you understand the risks and chances of the franchise. It helps you make a smart choice about your money.
“Diligence is recommended in drafting Item 21 disclosures to ensure compliance with federal and state laws and to avoid delays in FDD processing.”
Remember, the money info in the FDD is key to checking out the franchise. Take your time to study the franchisor’s money reports. This way, you’ll really understand the franchise financials and the franchisor financial health.
Contracts
Starting a franchise means you need to know about franchise agreements and legal papers. These documents tell you what you and the franchisor must do. The Franchise Disclosure Document (FDD) is given to you 14 days before you sign anything. It explains everything in Item 22.
Item 22 of the FDD lists all important agreements. This includes the franchise agreement and other deals. It helps you see what you’re getting into before you sign.
The Franchise Agreement is a big deal. It’s a contract that says what you and the franchisor must do. It talks about how long you’ll work together and how much you’ll pay. The FDD gives basic info, but the Franchise Agreement can be changed to fit you.
It’s smart to read the Franchise Agreement carefully. You might want a lawyer to help you. Breaking the rules can lead to big problems, like losing your franchise.
| Key Franchise Agreement Considerations | Description |
|---|---|
| Initial Term | The start of your franchise deal, usually 5-10 years. |
| Renewal Conditions | What you need to do to keep your franchise going. |
| Franchise Fees and Payments | Money you pay the franchisor, like royalties and ads. |
| Termination Clauses | How and when you or the franchisor can stop the deal. |
| Dispute Resolution | How to solve problems, like mediation or arbitration. |
Knowing about franchise agreements and legal papers helps you make a good choice. It ensures a strong partnership with the franchisor for a long time.
Receipts
As we near the end of the Franchise Disclosure Document (FDD), let’s talk about receipts. This part, called Item 23, is key. It shows the person wanting to buy a franchise has seen and understood the whole FDD.
The receipt page must have certain details, as the Federal Trade Commission (FTC) Rule says. The franchisor must give the FDD to the person at least 14 days before they sign anything or pay for the franchise. This gives them time to read everything carefully.
The receipt page must say “Receipt” in big letters. It must also say the person got the FDD. The franchisor must give their name, phone number, and address. The date the FDD was given out must be there too.
Franchisors need to give two copies of the receipt. One for the person to keep and one to sign and send back. The signed receipt proves they got and read the FDD. Franchisors must keep these signed receipts for three years to follow the FTC Rule.
The FTC lets franchisors choose how to get the signature. It can be by hand, online, or with a special password. They can also tell the person how to send back the signed receipt, like by fax or email.
Looking at the receipts in Item 23 of the FDD is important. It helps the person wanting to buy a franchise make a good choice. This last step is a big part of the FDD acknowledgement and disclosure review process.
Evaluating the Franchise Disclosure Document
Looking at the Franchise Disclosure Document (FDD) is key for anyone thinking about buying a franchise. The FDD is a big document made by the Federal Trade Commission (FTC). It gives you important info about the franchise.
By reading the FDD well, you learn about the franchisor’s history, how they run their business, and their money situation. This is all important for making a smart choice.
Franchisor’s Background (FDD Item 1)
Item 1 of the FDD tells you about the franchisor. It includes info on any big companies they’re part of, their past, and friends. This helps you see if the franchise is stable and if it’s a good investment.
Business Background (FDD Item 2)
Item 2 shows you who runs the franchisor. It’s about the people in charge and their experience. Knowing this helps you see if they can help you succeed.
Litigation History (FDD Item 3)
Item 3 talks about any lawsuits the franchisor has been in. Looking at this helps you know if there are any big problems.
Bankruptcy (FDD Item 4)
Item 4 tells you if the franchisor has gone bankrupt. Knowing this helps you understand if the franchise is financially stable.
By looking at these parts of the FDD, you can really understand the franchise. This helps you make a choice that fits your goals and how much risk you’re okay with.
| FDD Item | What It Covers | Importance for Franchisees |
|---|---|---|
| Item 1: Franchisor’s Background | Information about the franchisor, including any parent companies, predecessors, and affiliates | Helps assess the franchise’s longevity, stability, and overall business experience |
| Item 2: Business Background | Details on the business backgrounds and executive experience of the franchisor’s key personnel | Provides insights into the franchise’s management team and their ability to support franchisees |
| Item 3: Litigation History | Disclosure of any past or pending litigation involving the franchisor, its affiliates, or its executive officers | Sheds light on potential issues or problems within the franchise system |
| Item 4: Bankruptcy | Information on whether the franchisor, its affiliates, or any of its executives have filed for bankruptcy | Provides insights into the franchise’s financial condition and stability |
By carefully looking at these parts of the Franchise Disclosure Document, you can really understand the franchise. This helps you make a choice that fits your goals and how much risk you’re okay with.
Initial and Other Fees (FDD Items 5-7)
Starting a franchise comes with big costs. The Franchise Disclosure Document (FDD) Items 5-7 explain these costs. They cover the money you need to start and the fees you’ll pay later.
Item 5 talks about the first fees. These can cost between $10,000 and $50,000. The exact cost depends on how the franchisor figures it out. The total fee is shown right on the FDD’s cover page.
Item 6 talks about fees you’ll pay over time. This includes things like royalties and advertising fees. These fees can be 4% to 12% of your sales. But, some franchisors might charge more or less.
Item 7 gives a full picture of what you’ll need to spend at first. This includes money for inventory, equipment, and more. It shows a table with different costs. This helps you figure out how much money you’ll need to start.
“Accurate and transparent disclosure of all fees is essential for prospective franchisees to make an informed decision about the financial commitment required.”
By looking at Items 5-7 of the FDD, you’ll know the costs of starting and running a franchise. This helps you make a choice that fits your money goals.
Supplier, Territory and Customer Restrictions
When looking at a franchise, knowing the rules is key. Items 8 and 12 of the Franchise Disclosure Document (FDD) help with this.
Advertising and Training (FDD Item 11)
Item 11 of the FDD talks about ads and training. As a franchisee, you need to know about ad contributions and training. This helps you see how much support the franchisor offers.
Franchisors must tell if you have to pay for ads and how much of your sales to give. They also explain how these funds are spent, like for big or small ads.
Item 11 also covers training. It tells you what kind of training you and your team will get. Knowing this helps you see if you’ll have the help you need to succeed.
“Reviewing the advertising contribution, how the funds are used, and the training curriculum can provide insight into the level of support available to franchisees.”
Looking at Items 8, 11, and 12 of the FDD gives you a full picture. You’ll learn about franchise supplier requirements, territory rights, franchise advertising, and training program. These are all important when choosing a franchise.
Renewal, Termination, Transfer, and Dispute Resolution
Understanding franchise agreement terms is key for anyone thinking about starting a franchise. Item 17 of the Franchise Disclosure Document (FDD) explains renewal, termination, transfer, and solving disputes. It’s important for both the franchisor and the franchisee to know these details.
Franchisors must share 24 specific topics about these areas in the FDD. This info is shown in a table. It has columns for the provision, the section in the franchise agreement, and a brief summary of the main points.
The renewal process is vital to know. Franchise terms usually last 10 years, with a chance to renew for another 10. Franchisors rarely end agreements without a good reason. If there’s a problem, like not paying fees or not keeping the place clean, it must be fixed in 30 days.
If there’s a serious issue, like a felony, the agreement can be ended right away. Transfer rules are also important. Franchisors might get to match any offer for a franchisee’s business. After ending the agreement, there might be rules about not competing for 2 years in a certain area.
Disputes are usually solved through arbitration. The law and place for arbitration are set in the franchise agreement. If the agreement ends, franchisors might buy back inventory, but this isn’t required.
It’s important to check the franchise agreement carefully. Knowing these complex rules is crucial. Getting help from franchise lawyers can make sure you follow the law and understand the agreement well.
Financial Performance Representations (FDD Item 19)
Exploring the world of franchises can be exciting but also a bit scary. Especially when you think about the money involved. The Financial Performance Representations (FDD Item 19) are key. They show how much money a franchise has made in the past and might make in the future.
Franchisors can share financial data in Item 19 of the FDD. This lets potential franchisees see how much money they might make. This info is very important when deciding to invest in a franchise.
But, you should look at these claims carefully. Franchisors must make sure the data is right and follows the rules. The numbers might show what current franchisees have made or what new ones might make.
When looking at the financial data, pay close attention to the details. Franchisors might group franchisees in different ways. This helps you understand the franchise better and make a good choice.
The Financial Performance Representations in the FDD give a peek into the franchise’s financial side. By studying this info and other important factors, you can make a smart choice. This choice should match your business goals and how much money you have.
| Metric | Average | Median | Gross Sales | Gross Profit | Net Profit |
|---|---|---|---|---|---|
| Operational Franchise Outlets | $500,000 | $475,000 | $1,000,000 | $600,000 | $200,000 |
| Company-Owned Outlets | $600,000 | $550,000 | $1,200,000 | $700,000 | $250,000 |
| Managed Outlets | $550,000 | $525,000 | $1,100,000 | $650,000 | $225,000 |
The table shows the financial performance of different types of outlets. Remember, the way these groups are made can change. Always check the FDD for the exact details.
Remember, the franchise earnings claims and financial projections in Item 19 are not promises of future success. Always do your homework, talk to financial experts, and think about all the franchise details before you decide.
Franchisee and Franchise System Information
Looking at a franchise opportunity? Item 20 in the Franchise Disclosure Document (FDD) is key. It shows the franchise system’s growth and lets you talk to current and past franchisees.
The FDD’s Item 20 has important info:
- Charts show the franchise system’s growth, like how many units there are.
- It tells you about franchisee turnover, like who left and why.
- It gives contact info for current and former franchisees. This lets you ask them about their experience.
Talking to current and past franchisees is very helpful. They can tell you about the franchisor’s support and the challenges they faced. Their stories can help you decide if the franchise is right for you.
| Franchise System Data | Franchisee Contact Information |
|---|---|
|
|
By looking at the franchise system data and talking to franchisees, you can understand the franchise better. This helps you make a smart choice about investing.
Conclusion
If you want to start a franchise in India, the FDD is key. It helps you understand the franchise well. This way, you can make a choice that fits your goals and skills.
The FDD lets you see the franchisor’s history, money matters, and what you and they must do. Knowing this helps you decide if the franchise is good for you.
The FDD is more than a legal paper. It’s a guide to your franchise success. By studying it well and talking to the franchisor, you’ll be ready to make a smart choice. This will start you on a great franchise journey.
FAQ
What is a Franchise Disclosure Document (FDD)?
What information is included in the FDD?
What are the legal requirements for the FDD?
How can the FDD help evaluate a franchise opportunity?
What are some key sections of the FDD to focus on?
How can speaking with current and former franchisees help evaluate the FDD?
What should I do if I have questions or concerns about the FDD?
Source Links
- The Franchisor’s Handbook: Understanding FDD and Franchise Agreements
- What Is an FDD? Understanding Components and Purpose
- Differences Between the FDD and Franchise Agreement
- What is a Franchise Disclosure Document? | FDD | Franchising Information
- Franchise disclosure document
- What is the Franchise Disclosure Document? | FDD
- Understanding Franchise Agreement vs. Franchise Disclosure Document
- Franchise Disclosure Document (FDD) & Franchise Agreement
- Reviewing the Franchise Disclosure Document
- What is a Franchise Disclosure Document (FDD) and what information should it include?
- Understanding The Franchise Disclosure Document (FDD) | FortmanSpann Law Firm
- FDD Item 15: Obligation to Participate in the Actual Operation of the Franchise Business
- Item 15 of the Franchise Disclosure Document: Obligation to Participate in the Operation of the Franchise Business
- What is a Franchise Disclosure Document (FDD) and Why Do You Need One?
- Item 16 of the Franchise Disclosure Document: Restrictions on What the Franchisee May Sell
- Item 8 of the Franchise Disclosure Document: Restrictions on Sources of Products and Services
- Franchise Disclosure Document
- What Is a Franchise Disclosure Document (FDD)? Requirements
- FDD Item 18: Public Figures
- Item 18 of the Franchise Disclosure Document: Public Figures
- FDD Item 19 Financial Performance Representations
- Item 19 of the Franchise Disclosure Document: Financial Performance Representations
- Financial Performance Representations Planning Guide
- Item 20 of the Franchise Disclosure Document: Outlets and Franchisee Information
- The Anatomy of a Franchise Disclosure Document | JazzHR Blog
- Item 21 of the Franchise Disclosure Documents: Financial Statements
- GBQ Partners
- Disclosure of a franchisor’s financial circumstances
- Deciphering Franchise Legal Documents: Understanding the Differences Between FDD and Franchise Agreement | FMS Franchise
- Item 22 of the Franchise Disclosure Documents: Contracts
- Franchise Disclosure Document (FDD) | Franchise Agreements
- FDD Item 23: Receipts
- Item 23 of the Franchise Disclosure Document: Receipts
- The FDD vs. the Franchise Agreement
- Franchise Disclosure Document
- Item 5 of the Franchise Disclosure Document: Initial Fees
- A Full Breakdown of All 23 FDD Items | Entrepreneur
- Franchise Disclosure Document: Items 5-7
- Franchise Fundamentals: Taking a deep dive into the Franchise Disclosure Document
- FDD Item 12: Territory
- What Information Does a Franchise Disclosure Document (FDD) Contain?
- FDD Item 17: Renewal, Termination, Transfer and Dispute Resolution
- Item 17 of the Franchise Disclosure Document: Renewal, Termination, Transfer, and Dispute Resolution
- What is An Item 19 Financial Performance Representation? | Waldrop and Colvin PLLC
- Franchise Disclosure Document – About The FDD
- Requirements and Paperwork
- What Is A Franchise Agreement? A Complete Guide
- Franchise Disclosure Document in India: Key Components