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A franchise disclosure document (FDD) is a legal document which is presented to prospective buyers of franchises in the pre-sale disclosure process in the United States.It was originally known as the Uniform Franchise Offering Circular (UFOC) (or uniform franchise disclosure document), prior to revisions made by the Federal Trade Commission in July 2007.
The FTC announced an update to the franchise Rule on January 23, 2007, becoming effective July 1, 2007. [2] The most recent version of the FTC franchise rule was in 2007, is printed in FR 2007a, pp. 15544–15575. After July 2008, all franchisors in the United States are to use the Franchise Disclosure Document with potential franchisees.
The most recent version of the FTC Franchise Rule was in 2007, is printed in FR 2007a, pp. 15544–15575. The FTC franchise rule specifies what information a franchisor must disclose to a prospective franchise business as a franchise opportunity in a document named the Franchise Disclosure Document (FDD). [3] [4]
A franchise agreement contents can vary significantly in content depending upon the franchise system, the state jurisdiction of the franchisor, franchisee, and arbitrator. It overall provides the investor with a product, a branded name and recognition, and a support system. A typical franchise agreement contains Franchise Disclosure Document (FDD)
A franchise can be exclusive, non-exclusive or "sole and exclusive". Although franchisor revenues and profit may be listed in a franchise disclosure document (FDD), no laws require an estimate of franchisee profitability, which depends on how intensively the franchisee "works" the franchise. Therefore, franchisor fees are typically based on ...
California franchise owners and consumers are feeling the brunt of higher costs. After 30 years in business, McDonald's franchisee and Rodrick Foods CEO Scott Rodrick had to make the difficult ...
According to the California Franchise Tax Board (FTB) site, the state has already issued $7,508,156,450 billion in Middle Class Tax Refunds (MCTR) — 6,956,431 payments via direct deposit and ...
Business and agricultural groups sued California on Tuesday over the most sweeping climate disclosure mandates in the nation, arguing the policies signed by Gov. Gavin Newsom last year overstep on ...