Franchise Disclosure Document (FDD) contains a lot of items that have information about the franchisor, the franchise system and the agreements. Both franchisor and franchisee need sign these agreements so that they can make an informed decision.
Franchise Disclosure Documents (FDD) and Registration
The law governing franchise disclosure is complex and only experienced lawyers will have the ability to navigate this area of the law. Our network of franchise lawyers provides for our clients the skills necessary for either a start-up or seasoned franchisor to comply nationwide with federal and state franchise disclosure and registration requirements. The Federal Trade Commission’s (FTC) franchise rules makes it mandatory that franchisors provide to a prospective franchisee a franchise disclosure document (FDD). A franchisor need to provide FDD before completing the sale of a franchise. It is important that the FDD is provided under strict timelines to avoid issues. Furthermore, some states require to register the FDD with a State agency.
Our firm’s network, can assist in the preparation FDDs as required by the FTC. We can also prepare interrelated agreements so that the franchisor is compliant with all applicable state and federal regulations. As mentioned above in some states such as California, Hawaii, Illinois, Indiana, Maryland, Minnesota and New York, registrations are required. It should be done before the FDD is provided to potential franchisees and used to sell a franchise in that state. Other states that need registration are North Dakota, Rhode Island, South Dakota, Virginia, Washington and Wisconsin. We can also help with this registration.
How Riviere Advocacy Group can Help you?
Our attorneys can assist in the preparation of FDDs (franchise disclosure documents) and interrelated agreements. In addition, we can also help with the registration as per different states. Give us a call today or visit our office! We make a great deal of business sense.