The Required Franchise Disclosure Document
At the Law Offices of Richard Franzblau LLC, we provide clients nationwide with superior franchise law and business transactions services. Centrally located from our office in Orlando, Florida, we have extensive franchise law experience. From the sale or financing of a franchise purchase to registration and disclosure requirements, we can provide you with the detail-oriented and effective franchise law representation you need.
Every franchisor must provide specific financial disclosures. Originally known as the Uniform Franchise Offering Circular ("UFOC"), and, after a recent revision in the FTC Rule, now known as the Franchise Disclosure Document ("FDD"). This is a highly regulated area of the law both at the state and federal levels. We will help you with your FDD and make sure all the specific requirements are met.
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Below is the required disclosure format of the FDD:
CONTENTS OF THE FRANCHISE DISCLOSURE DOCUMENT ("FDD")
(REQUIRED DISCLOSURE FORMAT)
FACE PAGE/COVER PAGE – REQUIRED BY FTC
FACE PAGE/COVER PAGE — REQUIRED BY CERTAIN STATES
TABLE OF CONTENTS
DISCLOSURE SECTION:
Item 1 THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS, AND AFFILIATES
Item 2 BUSINESS EXPERIENCE
Item 3 LITIGATION
Item 4 BANKRUPTCY
Item 5 INITIAL FEES
Item 6 OTHER FEES
Item 7 YOUR ESTIMATED INITIAL INVESTMENT
Item 8 RESTRICTIONS ON SERVICES
Item 9 FRANCHISEE'S OBLIGATIONS
Item 10 FINANCING
Item 11 FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING
Item 12 TERRITORY
Item 13 TRADEMARKS
Item 14 PATENTS, COPYRIGHTS, AND PROPRIETARY INFORMATION
Item 15 OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS
Item 16 RESTRICTIONS ON WHAT THE FRANCHISEE MAY SELL
Item 17 RENEWAL, TERMINATION, TRANSFER, AND DISPUTE RESOLUTION
Item 18 PUBLIC FIGURES
Item 19 FINANCIAL PERFORMANCE REPRESENTATIONS
Item 20 OUTLETS AND FRANCHISEE INFORMATION
Item 21 FINANCIAL STATEMENTS
Item 22 CONTRACTS
Item 23 RECEIPTS
EXHIBITS
EXHIBIT A STATE AGENCIES/AGENTS FOR SERVICE OF PROCESS
EXHIBIT B FRANCHISE AGREEMENT AND COLLATERAL AGREEMENTS
EXHIBIT C FINANCIAL STATEMENTS
EXHIBIT D OUTLINE OF OPERATIONS MANUAL
EXHIBIT E FRANCHISEES AS OF 12/31/11, FRANCHISES SIGNED BUT NOT YET OPENED
AS OF 012/31/11, FORMER FRANCHISEES AS OF 12/31/11
EXHIBIT F STATE DISCLOSURE ADDENDA AND FRANCHISE AGREEMENT RIDERS
EXHIBIT G ACKNOWLEDGEMENT OF RECEIPT
Contact Kissimmee FDD Attorneys
Questions about the FDD? At the Law Offices of Richard Franzblau LLC, we can help you with all your franchise law matters. Contact our franchise law firm to arrange a no-cost initial consultation with an experienced Orlando franchise lawyer today.
From our law offices in Florida, we advise and advocate for clients across the nation.