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Franchisor Services
The Franchise Disclosure Document (FDD) (Part B)
Within your Franchise Disclosure Document (FDD), you are required to address 4 key subject areas.
What are the 4 key subjects included in an FDD?
The 4 key subjects and basic information that you must include in the Franchise Disclosure Document are:
Franchisor Information:
- Business activities and affiliated entities;
- The background of its officers and directors;
- The litigation history of the franchisor, its affiliates, directors, and officers;
- Bankruptcy history of the franchisor, its affiliates and officers; and
- Required financial statements.
The Franchise System:
- Any trademarks, patents, copyrights, and proprietary information that are related to the business franchise;
- Advertising programs;
- Training programs;
- Existing and former franchisees, and franchise associations; and
- Optional financial performance data.
The Franchisee's Business:
- The franchisee's initial investment;
- Financing and other services provided by the franchisor;
- The selection of franchise locations;
- Computer system requirements;
- Source-restricted purchases and leases;
- Requirements that the franchisee be personally involved in the business; and
- Restrictions on the franchisee's sales of products or services.
The Franchise Agreement:
- Initial and ongoing fees;
- Territorial rights and competition;
- Dispute resolution;
- Term of the franchise and renewal rights;
- Termination of the franchise;
- Repurchase of the franchise by the franchisor;
- Transfer of the franchise;
- Death or disability of the franchisee; and
- Covenants not to compete.
Again, a New York franchise attorney can help you to draw up your Franchise Disclosure Document. Once you have completed your FDD, you will be ready to give it to potential franchisees. However, there are rules and timelines regarding the way you provide the FDD as well.
To avoid making costly mistakes when providing your franchise disclosure document, you can get the help of an experienced 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. 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.
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.
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