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- A franchise disclosure document (FDD) is a legal document which is presented to prospective buyers of franchises in the pre-sale disclosure process in the United States. It was originally known as the Uniform Franchise Offering Circular (UFOC) (or uniform franchise disclosure document), prior to revisions made by the Federal Trade Commission in July 2007. Franchisors were given until July 1, 2008 to comply with the changes. The Federal Trade Commission Rule of 1979 which governs the disclosure of essential information in the sale of franchises to the public underlies the state FDD's and prohibits any private right of action for the violation of the mandated disclosure provisions of the FDDs. Therefore, the FDD implies that only the federal government or the state governments have the right to sue and negotiate consent decrees and rescissions with those franchisors who violate the provisions of the FTC Franchise Rule. Various state franchise laws that provide for use of an FDD, in lieu of their own disclosure requirements, may create private rights of action, where a franchisor has violated its disclosure obligations in its FDD. The Franchise Rule specifies FDD disclosure compliance obligations as to who must be the one to prepare the disclosures, who must furnish them to prospective franchisees, how franchisees receive the disclosures, and how long franchisees must have to review the disclosures and any revisions to the standard franchise agreement.The FDD underlies the franchise agreement (the formal sales contract) between the parties at the time the contract is formally signed. This franchise sales contract governs the long-term relationship – the terms of which generally range from five to twenty years. The contracts cannot generally be changed unless there is the agreement of both parties. Under the Franchise Rule, which is enforced by the Federal Trade Commission (FTC), a prospective franchisee must receive the franchisor's FDD franchise disclosure document at least 14 days before they are asked to sign any contract or pay any money to the franchisor or an affiliate of the franchisor. The prospective franchisee has the right to ask for (and get) a copy of the sample franchise disclosure document once the franchisor has received the prospective franchisee's application and agreed to consider it.The franchisor may provide a copy of its franchise disclosure documents on paper, via email, through a web page, or on a disc.Franchise disclosure document requirements. According to the Federal Trade Commission, there are 15 states that require franchisors to give an FDD to franchisees before any franchise agreement is signed. Thirteen of those states require that they are filed by a state agency for public record. All franchise buyers should use the information contained in the FDD in their franchise research. Franchise buyers considering financing their business should pay close attention to FDD Items 2, 7, 15 & 20. Lenders who participate in offering government-backed loans (SBA loans) to borrowers, carefully examine FDD (Items 2, 7, 15, 19 & 20) when considering a loan application. The FDD must also be approved by the SBA to be eligible for SBA financing. A list is made available for use by Lenders/CDCs in evaluating the eligibility of a small business that operates under an agreement. (en)
- Documento de Divulgación de Franquicias (FDD, por sus siglas en inglés) es un documento legal que los franquiciadores deben proporcionarle a los franquiciados, según lo regulado por la Comisión Federal de Comercio de Estados Unidos. Se debe presentar por lo menos diez (10) días antes de la firma del contrato de franquicia. Independientemente de la industria el documento contiene información acerca de una operación de franquicia y ayuda a los franquiciados a analizar los méritos de un franquiciador. Por lo tanto, contiene un franquiciador y predecesores cualquiera, historia procesal, concursal, de venta de la tarifa inicial de franquicia otros pagos iniciales, otros costos y gastos, estado de franquiciado de inversión inicial, obligaciones del franquiciado para comprar o alquilar a partir de fuentes designadas, obligaciones del franquiciado a la compra o arrendamiento, de acuerdo con las especificaciones o de proveedores autorizados, la financiación de acuerdos, obligaciones del franquiciador; como otros la supervisión, asistencia o servicios, exclusivo/zona de ordenación del territorio, marcas registradas, marcas de servicio, nombres comerciales, logotipos y símbolos comerciales, patentes y derechos de autor, obligaciones del franquiciado para participar en la operación real de la franquicia, las restricciones en los productos y servicios ofrecidos por la franquicia, renovación, terminación, de recompra, modificación y cesión del contrato de franquicia e información relacionada, acuerdos con personalidades, real, promedio, proyectados o pronosticadas franquicia de ventas, utilidades o ganancias, la información sobre franquicias del franquiciador, estados financieros, contratos y acuse de recibo de franquicia respectivas. (es)
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- Documento de Divulgación de Franquicias (FDD, por sus siglas en inglés) es un documento legal que los franquiciadores deben proporcionarle a los franquiciados, según lo regulado por la Comisión Federal de Comercio de Estados Unidos. Se debe presentar por lo menos diez (10) días antes de la firma del contrato de franquicia. Independientemente de la industria el documento contiene información acerca de una operación de franquicia y ayuda a los franquiciados a analizar los méritos de un franquiciador. Por lo tanto, contiene un franquiciador y predecesores cualquiera, historia procesal, concursal, de venta de la tarifa inicial de franquicia otros pagos iniciales, otros costos y gastos, estado de franquiciado de inversión inicial, obligaciones del franquiciado para comprar o alquilar a partir d (es)
- A franchise disclosure document (FDD) is a legal document which is presented to prospective buyers of franchises in the pre-sale disclosure process in the United States. It was originally known as the Uniform Franchise Offering Circular (UFOC) (or uniform franchise disclosure document), prior to revisions made by the Federal Trade Commission in July 2007. Franchisors were given until July 1, 2008 to comply with the changes. All franchise buyers should use the information contained in the FDD in their franchise research. (en)
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