What Is a Franchise Disclosure Document (FDD)?
An FDD is a legal document which is presented to prospective buyers of franchises in the pre-sale disclosure process in the United States. These documents are complex. The drafting of an FDD requires skill and precision. John Usher can assist you in the preparation of your unique FDD.
An estimated one out of every three dollars spent in retail in the U.S. is being spent with franchised brands. The lure of franchising is undeniably powerful. Each year approximately 400-500 new franchise offerings occur.
Usher Law Firm can help determine if your product or service is properly subject to being developed as a franchise. At a minimum, a business must have a unique product or service or business format that can be systematically reproduced.
Should the concept be viable as a franchise, Usher Law Firm can then inform you of the responsibilities and obligations associated with being a franchisor. Just like becoming a franchisee should be entered into with caution, committing to the development of a franchise requires caution as well.
If the development of a franchise system is viable, Usher Law Firm can prepare franchise disclosure documents and file state registrations where required.