This form requests certain information with regard to each corporate officer, director, partner, or other principal of the franchise sales agent. The form also contains a supplemental franchise sales agent statement which is to be used when reporting a change of corporate officers, directors, or other principals of the franchise sales agent.
Tarrant Texas New York Franchise Sales Agent Statement
Category:
State:
Multi-State
County:
Tarrant
Control #:
US-4-16-2-STP
Format:
Word;
Rich Text
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FAQ
The Disclosure Document can be described as a document which summarises information regarding the Franchise and its system, and sets out for example, details of the Franchisor, details of the existing Franchise network, and what fees will be payable under the Franchise.
The Franchise Disclosure Document (FDD) is a critical document that provides the franchisor's details, including legal history, company structure, financial status and agreements, existing franchisees, and many more.
Here are 10 fundamental provisions outlined in some form or fashion in every franchise agreement: Location/territory.Operations.Training and ongoing support.Duration.Franchise fee/investment.Royalties/ongoing fees.Trademark/patent/signage.Advertising/marketing.
The Federal Trade Commission (FTC) Franchise Rule is a disclosure rule that requires a franchisor offering or selling a franchise located in the United States of America to provide the prospective franchisee with the relevant information about the franchise.
The Franchise Agreement Location/territory.Operations.Training and ongoing support.Duration.Franchise fee/investment.Royalties/ongoing fees.Trademark/patent/signage.Advertising/marketing.
Overview of the relationship: This includes the parties to the contract, the ownership of IP, and the overall obligations of the franchisee to operate its business to brand standards.
The franchise disclosure document (FDD) is a legal disclosure document that must be given to individuals interested in buying a U.S. franchise as part of the pre-sale due diligence process. The document contains information essential to potential franchisees about to make a significant investment.
A franchise agreement incorporates the rights and obligations of the franchisor and franchisee to license and sell a company's intellectual property and licensing rights. Examples of businesses that use franchise agreements include: Convenience stores. Fast food and chain restaurants.
A Franchise Disclosure Document includes 23 specific pieces of information (called items), the franchisors franchise agreement, and various exhibits (like a list of current and past franchisees, and audit financials of the franchisor.