During the franchise investigative process, prospective buyers in the advanced stages will be provided with some very important paperwork. First and foremost is the Franchise Disclosure Document (FDD). Regulated by the FTC's Franchise Rule, it consists of 23 different sections (Items) that cover every aspect of the brand's proposition for franchisees. When the times comes to make an informed decision about purchasing a franchise, both parties will be bound by the franchise agreement. A frequent caveat in the franchising industry is for entrepreneurs to do the requisite amount of due diligence during their investigation of concepts....
