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MAINSTREET ORGANIZATION OF REALTORS NONEXCLUSIVE BUYER REPRESENTATION AGREEMENT 1 2 BROKERAGE [PRINT OFFICE NAME] 3 4 DESIGNATED MANAGING BROKER NAME [PRINT] 5 6 DESIGNATED AGENT(S) NAME(S) [PRINT]BUYER
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01
Gather necessary information about the franchise, including its history, financial performance, and business model.
02
Fill out the franchise fees and initial investment details, providing clear information on ongoing royalties.
03
Include information on the training and support provided to franchisees, detailing the training programs and resources available.
04
Disclose any territory restrictions or agreements that may affect the franchisee's operation.
05
Outline the legal obligations and rights of both franchisor and franchisee, including termination rights and dispute resolution processes.
06
Ensure compliance with federal and state regulations regarding franchise disclosure.
07
Review the document for accuracy and clarity before providing it to potential franchisees.

Who needs franchise disclosure document of?

01
Potential franchisees who are considering investing in a franchise.
02
Franchisors who are required to provide a Franchise Disclosure Document (FDD) to comply with legal obligations.
03
Investors seeking to understand the risks and benefits associated with franchise opportunities.
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The Franchise Disclosure Document (FDD) is a legal document that provides potential franchisees with important information about the franchise they are considering. It includes details about the franchisor, the franchise system, and the obligations of both parties.
Franchisors who wish to offer franchises must file a Franchise Disclosure Document. This includes any business that meets the legal definition of a franchise as per the Federal Trade Commission regulations.
To fill out a Franchise Disclosure Document, franchisors must provide detailed information about the business, including its financial statements, the background of the franchisor, franchise fees, and other operational details. It should be completed in accordance with federal and state requirements.
The purpose of the Franchise Disclosure Document is to inform potential franchisees about the franchise opportunity, allowing them to make an informed decision. It aims to provide transparency and protect potential investors from fraudulent practices.
The FDD must include information such as the franchisor's business experience, financial statements, legal history, franchise fees, obligations of the franchisee, and any territory restrictions.
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