WHAT IS THE FRANCHISE PROCESS?
As part of the franchise process you will be asked to sign a Franchise Agreement. When that time comes, you should not sign unless you are confident you understand and have assessed all the risks. After all, you will be making one of the biggest financial decisions of your life.
WHO READS THEIR FRANCHISE FDD?
A Franchise Disclosure Document, or FDD, is a long, complex and extremely subtle legal document carefully crafted by law firms hired by franchisors to act in the franchisor’s best interests.
Unfortunately, FDDs often go unread by prospective franchisees. Many people choose to believe either (1) franchising is “safe” or (2) “I want to do it and they won’t negotiate anyway” so why not just sign? Neither belief is a good basis upon which to potentially sacrifice a future.