Franchise Attorney Legal Services
The Franchise Disclosure Document & Franchise Agreement
The FTC requires 23 “items” to be disclosed in the Franchise Disclosure Document concerning the franchise company and provisions contained in the Franchise Agreement. We fully assist you in establishing the terms of the franchise relationship and completing our proprietary questionnaires to help ensure that all aspects of the franchise business are fully identified and properly disclosed. The FDD, Franchise Agreement and Exhibits are prepared by Counsel in conformance with the FTC Franchise Rule. This enables your company to begin granting franchises in 36* “non-registration” states upon completion of the documents. Fourteen states have individual franchise registration requirements that must be completed prior to soliciting and selling franchises in these states.
* Five of the 36 “non-registration” states require the filing of a simple “exemption form.” Six states (CT, GA, LA, ME, NC and SC) have requirements that must be met if a franchisor does not have a federally protected trademark (a state registered trademark is accepted by GA, LA and SC). The requirements may include filing under each state’s Business Opportunity Laws if you do not have a federally protected trademark (which is common with new franchise companies), please contact us for additional information.
Exhibits to the Disclosure Document & Franchise Agreement
The following Exhibits to the Franchise Disclosure Document and Agreement are prepared by Counsel:
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Deposit Agreement
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Confidentiality & Non-Competition Agreement
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Development Agreement (see “Developer Program” below)
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Site Selection Addendum (if required)
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Agreement With Landlord (if required)
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Telephone Number & Directory Advertising Assignment Agreement
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Operations Manual Table of Contents
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Franchisee Closing Questionnaire
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List of State Administrators
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List of State Agents for Service of Process
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State Specific Addenda to the Disclosure Document
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State Specific Addenda to the Franchise Agreement
The State Specific Addenda to the FDD and Franchise Agreement are prepared by Counsel to ensure compliance with individual state franchise laws when registering in the 14 Registration States. The State Specific Addenda address individual state franchise laws and regulations that vary from the FTC Franchise Rule relative to specific provisions of the Franchise Agreement and/or FDD disclosure requirements. These documents help expedite the registration process.
Developer Program
A Developer Program permits a franchise company to sell multiple franchises to a single franchisee for development over a prescribed time period. A percentage of the franchise fee for each franchise to be opened is typically paid in the form of a Development Fee upon execution of the Development Agreement. As part of the preparation of the Franchise Disclosure Document, we advise you concerning the structure and requirements for the Developer Program. Counsel then prepares a Development Agreement as an Exhibit to the Franchise Disclosure Document. This ensures that disclosure requirements are met and multi-unit opportunities are immediately available to prospective Franchisees.
Nondisclosure Agreement
To help ensure the protection of your confidential and proprietary information, we prepare a Nondisclosure Agreement for use during the franchise sales process. The nondisclosure is typically provided to prospective franchisees early in the process to enable you to share information that may be confidential in nature.
State Exemption Filings
Of the 36 non-registration states, five states require Franchisors to complete an “exemption filing” prior to commencing the sale of franchises in their state. The filing is required under each state’s business opportunity laws. We prepare an exemption package for filing in the five states prior to the launch of your franchise. The states include:
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Kentucky
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Utah
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Texas
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Florida
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Nebraska