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Are You Franchising Your Business? Here’s What You Should Include in Your FDD

Are you drafting an FDD for franchising your business? Ensure that youu2019ve put all the required details in it. Visit The Franchise Institute for more.

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Are You Franchising Your Business? Here’s What You Should Include in Your FDD

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  1. ARE YOU FRANCHISING YOUR BUSINESS? HERE’S WHAT YOU SHOULD INCLUDE IN YOUR FDD LEVEL 1, 97 GRAFTON ST BONDI JUNCTION, 2022 NSW AUSTRALIA 1300855435 INFO@THEFRANCHISEINSTITUTE.COM.AU HTTPS://THEFRANCHISEINSTITUTE.COM.AU

  2. INTRODUCTION What to do when franchising your business? Well, there’re lots of things you should do. And one of the most vital things among them is drafting an FDD (Franchise Disclosure Document). As per the latest state and federal laws, you can’t sell your franchises without the FDD. Thus, you should draft it correctly without making any mistakes.

  3. WHAT TO INCLUDE IN YOUR FDD? Drafting an FDD is a must when planning to franchise your local business. But for that, you should ensure that you’re including the following, • A description of your brand and its history. • Current and past litigations (if any). • The initial fees franchisees will pay. • Biographical and personal experience of all your franchisees (if applicable). • The restrictions on the sources of products/services. • Franchisee’s obligations. • Information about bankruptcy. • Restrictions of items that franchisees can sell. • Financing arrangements (if applicable or not). • Descriptions of other fees the franchisee will pay. • Franchise territory (if applicable). • Estimated initial investment. • Supports you’ll offer to your franchisees. • Information on public figures or celebrities’ involvement in your brand (if any). • 2 copies of the receipt page.

  4. WHAT TO INCLUDE IN YOUR FDD? • Trademarks within the franchise model. • Franchisee obligation on day-to-day operations. • Financial performance representations. • List of the contracts your franchisees must sign. • Location and contact info of your current franchisees. • Renewal, transfer, termination and dispute resolution. • Info on how franchisees will use any copyrights and patents. • Financial statements. HOW TO DRAFT AN FDD? • Here’re the tips, • Use simple language and avoid jargon when drafting the FDD. • Ensure that the FDD is easy to read/understand. • Be honest and transparent about all the info you’re including. • Don’t make any misleading/false statements to exaggerate the benefits. • Hire a proficient franchise lawyer to draft your FDD and have a franchise consultant check it.

  5. DRAFT YOUR FDD CORRECTLY Are you thinking about franchising your business? Ensure that you’ve drafted the FDD correctly. Having a professional franchise expert by your side can ensure that you’re doing it rightfully. ABOUT THE COMPANY The Franchise Institute is one of the leading franchising consultancy firms in Australia. With years of skills, they’re the best ones. Regardless of the size and niche of your brand, they’ll help you to franchise it.

  6. CONTACT US Level 1, 97 Grafton St Bondi Junction, 2022 NSW Australia 1300855435 info@thefranchiseinstitute.com.au https://thefranchiseinstitute.com.au

  7. Thank You

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