A comprehensive franchise agreement template should cover: Parties involved. Grant of franchise. Financial provisions. Brand and operational guidelines. Training and support. Marketing and advertising. Duration, Renewal, and termination. Dispute resolution.
Where Do I File My Utah Notice of Exemption? Franchisors with a valid and current FDD must file a Notice of Exemption with the Division of Consumer Protection. This filing must be made online only as Utah no longer accepts paper franchise filings. The Division's phone number is (801) 530-6601.
What: The agreement should include a detailed description of the business operation and any relevant metrics. Requirements set by the franchisor—including how the property is to be maintained, how much insurance must be carried, how records must be kept, what hours the business must be open should all be detailed.
The Franchise Disclosure Document (FDD) is a legal document that the Federal Trade Commission (FTC) requires franchisors to provide to prospective franchisees before selling a franchise.
Questions to ask former and current franchisees Understand what it means to be a franchisee. Find out if current franchisees are successful. Understand if former franchisees were successful. Find out if franchisees feel supported by the franchisor. Learn about the pros and cons of the franchise.
A disclosure document – tells the franchisee important information about the franchisor and franchised business.
The disclosure document helps potential franchisees make an informed decision about the franchise. Disclosure documents must be in the same format and have the information in Annexure 1 of the Franchising Code. Certain information must be in the disclosure document.
The State of Utah is a franchise filing state and not a franchise registration state. Before offering or selling a franchise in Utah, you must file a "Notice of Exemption" with the Utah Division of Consumer Protection. Your exemption notice must be renewed annually.
Most on- and off-road vehicles, boats, aircraft, and commercial vehicles must be registered to operate in Utah. Different requirements, fees, and taxes apply, depending on your vehicle type and other factors. Consult the menu at left for an overview of the Utah vehicle registration process.