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
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).
- Verify Marks are validly registered
- 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
Review the entire
FDD (23 sections),
Franchise Agreement and
ancillary documents you may be required to sign.
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.
Call us today and get started.