Please refer to Form 2701 (PDF) for further information and instructions. 3. The offer of a franchise opportunity can only occur through disclosure of a franchise disclosure document (the "FDD").A person or business entity requires both a Franchise License and a General. Completing and signing a franchise agreement: Things to be clear on before making it official. By Franchise Direct. Some other documents involved in forming a franchise include letters of intent, trademark license agreements, and operations manuals. The cell where the two choices match up contains the answer to who can sign the document. A franchise agreement is a legally binding document that establishes the terms of the franchisor and franchisee relationship. The Franchise Disclosure Document contains details about a company, and is intended for serious franchise candidates. Business Entity Registration.