What Terms Must I Include in the Uniform Franchise Offering Circular (UFOC)?

When selling franchises in New York, you will be required to provide potential franchisees with a Franchise Disclosure Document (FDD), which is also commonly known by its former name, the Uniform Franchise Offering Circular (UFOC). This document will establish the terms of your relationship with the business franchisee. Some of the terms that you will need to provide in the FDD/UFOC include: 

• Any required fees (such as the initial franchise fees, any ongoing royalty fees, and any required advertising fees);
• An estimate of the franchisees initial investment. According to the Federal Trade Commission (FTC), this must be provided in chart form;
• The franchisee's obligations (such as the maintenance of their franchise location, and the use of your trademarks, patents, and federally registered intellectual property);
• The franchisor's obligations (such as the assistance you will provide in selecting a site, the hiring and training of employees, and any company-wide advertising activities);
• Restrictions on what product and/or services a franchisee may or may not sell; and
• The rules on the renewal, termination, or transfer of a franchise. 

If you need help to establish the terms which are required in the FDD/UFOC, you can get the advice of an experienced New York franchise attorney. A New York franchise attorney can help you though every step of the franchising process and help you to avoid the most common pitfalls in establishing the FDD/UFOC.

If you plan on selling franchises in New York, visit our article library to learn more about the required terms of a franchise. 

Contacting a New York Franchise Attorney 

If you are an entrepreneur who is interested in franchising your business there is a lot you need to know, including the significance of evaluating your trademark and how to approach the preparation of your FDD/UFOC. For a limited time, get New York franchise attorney Charles N. Internicola, Esq's franchise law report to determine whether or not your business is right for franchising. Contact us today at 1-800-976-4904 for more information about Mr. Internicola's franchise law services in New York and how he assists entrepreneurs franchise their business nationwide.