The Franchise Disclosure Document (FDD) (Part B)

Item 8: Restrictions on Sources of Products and Services

In Item 8 of the franchise disclosure document, you must include information regarding the goods and/or services that the franchisee is required to provide. You must also disclose any ownership interest in the supplier(s) of those goods and/or services.

You must also disclose significant information concerning your financial interest in the purchases or leases made by franchisees. You must report your total revenues, and the portion of those revenues represented by sales or leases of source-restricted goods or services.

Item 9: Franchisee's Obligations

In Item 9 of the franchise disclosure document, you must disclose the franchisee's principal obligations under your agreements, with cross-references to the particular FDD Items that describe the obligations.

Item 10: Financing

In Item 10 of the franchise disclosure document, you must include the terms and conditions of the financing arrangement that you offer to franchisees. This must also include information about the franchisee's potential liabilities upon default, including any accelerated obligation to pay the entire amount due, payment of court costs and attorney's fees, waivers of defenses, and potential termination of the franchise.

There is quite a bit of legal information in Item 10 of the FDD, therefore you may want to get the help of a New York franchise attorney to further explain.

Items 13 and 14: Trademarks, Copyrights, and Proprietary Information

In Items 13 and 14 of the franchise disclosure document, you must include information about the restricted and mandatory use of your business's intellectual property, including federally registered trademarks and copyrights.

While the FDD Items listed above are some of the more important ones, there are many more disclosures required. To omit a disclosure or to submit one improperly can cost you valuable time and money. When providing a franchise disclosure document, it is always best to get the help of a New York franchise attorney.

How can a New York franchise attorney help?

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. 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. For more information about Mr. Internicola's franchise law services in New York and how he assists entrepreneurs franchise their business nationwide, contact us today at 1-800-976-4904.




Franchise Lawyer
Book on franchising a business

IMPORTANT DISCLAIMER: The information contained on this website is provided for general educational purposes only, should not be relied on as legal advice and does not serve to create an attorney client relationship. In utilizing this website you acknowledge that there is no attorney client relationship between you and Charles N. Internicola, Esq. and that the information contained on this site does not and cannot serve as a replacement for the competent legal advice of a licensed attorney in your state. Further you acknowledge that any and all citations to cases and statutes must be independently verified by competent legal counsel to confirm the validity and accuracy of such information. The content of this site is subject to the Copyright of its author and owner, Charles N. Internicola, Esq.

Click here to view our privacy policy

Search

Books


The Franchise Formula: A Guide to Franchising Your Business
More Info

More Information

To obtain information about our business and franchise law services complete the form below:

Name *

Phone *

Email *

Tell us more *


Charles N. Internicola, Esq.
New York, New Jersey
and Nationwide Legal Representation

1610 Richmond Road
Staten Island, NY 10304
Phone: 718. 979. 8688
Toll Free: 800. 976. 4904
Get Directions

Note:
Your information is confidential and is not used or sold for marketing purposes. We accept no duty and no representation without a written contract setting forth terms of representation.

FAQs

Franchisor Services

view all

©2012 Charles N. Internicola, Esq., All Rights Reserved, Reproduced with Permission Privacy Policy
Attorney web design by Foster Web Marketing, the best attorney website design solution on the Web offering search engine optimization for attorneys, lawyer website design, video for attorneys, and more.
Get SEO Tips from The Attorney Internet Marketing Blog