FDD, Development Agreement & Franchise Agreement Review

Franchise agreements often come with a range of common issues that you need to be aware of. These include aspects like quality control, operational rules, noncompete clauses, and more. It's important to note that the franchisor usually has the authority to evaluate and monitor your performance.

One crucial aspect is that you typically don't have the freedom to choose your own suppliers. The franchise agreement specifies where you must source supplies for your franchise. Moreover, the operational rules outline what products you can sell, which software to use, operating hours, store setup requirements, employee wages, and other important details.

The Franchise Disclosure Document (FDD) has its own unique characteristics to consider. Item 3 provides information about the management team, which Nebo Law can thoroughly research for you. It's essential to be cautious of individuals without prior franchising experience, as this could be a warning sign.

Franchisees often underestimate the potential costs that can be hidden within the FDD. Some franchisors may require their franchisees to bear the financial burden for various expenses.

So, how can you protect your interests in such situations? Nebo Law's virtual consultation service includes a comprehensive review of the FDD and franchise agreement. We will provide you with a concise and scannable abstract of the key points, along with comments on any potential issues that may arise.

Don't leave your interests unprotected - take advantage of Nebo Law's expertise and schedule a virtual consultation today.