The Franchise Disclosure Law

The Franchise Disclosure Law requires franchisors to provide potential franchisees with detailed information about the business before they sign a franchise agreement. This disclosure document includes important details like the franchise's history, financial performance, fees, and the rights and obligations of both parties. The goal is to ensure transparency and help prospective franchisees make informed decisions. By understanding the risks and rewards, potential franchise owners can better assess whether the franchise opportunity aligns with their goals and financial capabilities.