Franchise Law Explained: When to Provide the FDD and How to Pre-Qualify Candidates
Franchising provides the opportunity to expand a business faster, but it also comes with complex legal obligations. Before any prospective franchisee can sign the franchise agreement, they must receive the Franchise Disclosure Document (“FDD”), and knowing when to provide the FDD, and what you can do before that point is an important step in franchising. […]
Should a Non-Disclosure Agreement be signed before the FDD is provided? When and Why
Receiving a Franchise Disclosure Document (the “FDD”) is a key moment for prospective franchisees, offering a detailed look into the franchise they wish to join. Yet, before they share this document, franchisors often require franchisees to sign a Non-Disclosure Agreement (“NDA”). This step can seem unexpected and raise questions about its necessity. Is this a […]