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Franchise Blog

What is the Franchise Disclosure Document?

  Joseph Berger  |    Dec 27, 2017 1:00:00 PM  |    Franchise Opportunities

The Franchise Disclosure Document, aka the FDD, is a legally document that every franchise must disclose to a prospect before they become a franchisee, no later that 14 days prior to signing a franchise agreement (which must be held for seven days before signing). The FDD contains 23 mandated sections and is governed by the Federal Trade Commission. 

 

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The FDD is an extremely long document, but you'll find that it's full of useful content regarding fees, requirements, and other legal issues. The Franchise Disclosure Document can be an overwhelming document to read through, and many prospective franchisees utilize an attorney with franchise expertise to assist them in the process of coming to understand the document and thereby the relationship that they would have with the franchisor. 

 

Entrepreneur Magazine, which posts a considerable amount of content about franchises and is host to the industry's famous Franchise 500 List, does a good job of describing the type of material you will find in each item of the Franchise Disclsure Document. You can find their article here.

 

If you're interested in franchising with You've Got Maids, click the link below and fill out a form on our franchising page or give us a call at 855.747.1600. One of our franchise development advisors will answer any questions you might have and provide you with our FDD. We wish you the best of luck in your research!

 

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