What Is a Franchise Disclosure Document (FDD)
The franchise disclosure document (FDD) is a legal disclosure document that must be given to individuals interested in buying a U.S. franchise as part of the pre-sale due diligence process. The document contains information essential to potential franchisees about to make a significant
The FDD was previously known as the Uniform Franchise Offering Circular (UFOC) before it was revised by the Federal Trade Commission (FTC), the country’s consumer protection agency, in July 2007. Franchisors had until July 2008 in order to comply with the revisions. The FDD has also been referred to as the Uniform Franchise Disclosure Document.
- The franchise disclosure document (FDD) provides a clear picture of how the business relationship between the franchisee and franchisor will be conducted.
- Franchises can be very different in the support they offer in return for licensing fees.
- The FDD is a critical source of information when evaluating whether to become a franchisee, and the FTC has made the document a legal requirement.
Tikiz FDD
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