Franchised Business Review

Franchise Disclosure Document and Franchise Agreement

It is imperative, whether this is your first venture into owning a franchised business, or adding units to an existing portfolio, to fully understand the franchise model you may be operating within. The review will explore what you should expect from the franchisor and what they will expect from you, as well as other operational points to consider, and possibly negotiate before you sign the franchise agreement. The more information you have up front considering whether the franchised business is right for you, the fewer surprises that may occur later on.

Speak with Franchise Legal Support about a Franchised Business Review today.

Read David’s article in FranchisingUSA Magazine Why You Need Your FDD Reviewed

Services Provided:

Initial Consumer Experience Review

  • Website review (purpose and opinion on effectiveness), social media, monitoring sites for franchisees and potential customers/clients (to highlight any concerns or report on the customer experience).

Trademark

  • Verify Marks are validly registered

FDD

  • Review the form of the FDD to ensure FTC and State compliance
  • Registration states: Review registration and provide proof of registration with proper authority allowing franchises to be legally sold.
  • Complaints (State and Federal)
  • Search for federal and/or state actions against the franchisor

FDD Review

  • Review the entire FDD (23 sections), Franchise Agreement and ancillary documents you may be required to sign.
  • Provide a written summary of the FDD and franchise agreement, including commentary by David (points to consider or of concern; places where negotiations are possible, state law's impact and any operational issues that should be addressed)
  • Consultation with David, in person or telephonically (typically 1.5-2 hours) to review David's findings, and answer any questions you may have about the FDD, franchise agreement, or the process moving forward.

Unique franchise laws exist that may alter the application of the franchise agreement terms, and how they may impact your rights. It is the goal of our firm to advise and inform you of the franchised business you are considering (as disclosed in the FDD), and provide you with counsel on David's experience as a former franchised business owner and franchise attorney to guide and assist you in making an informed decision.

Contact our office today and secure the legal guidance you need.
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