MANAGEMENT

Detailed explanation-1: -✔ the Disclosure Document, which may be in the format known as the UFOC. The purpose of the UFOC is to provide prospective franchisees with information about the franchisor, the franchise system and the agreements they will need to sign so that they can make an informed decision.

Detailed explanation-2: -The FDD outlines comprehensive information about the roles of both parties involved in the franchise-the franchisor and the franchisee-and is designed to enable the potential franchisee to make an honest and informed decision about their investment into the business.

Detailed explanation-3: -The U.S. Franchise Rule requires that franchisors provide to prospective franchises the presale disclosure document (“FDD”) to prospective franchisees so that they can make an informed decision prior to entering into a franchise relationship.

Detailed explanation-4: -The franchise agreement is a legally binding contract. It sets out the rules of the franchising relationship that both the franchisor and franchisee have agreed to.

Detailed explanation-5: -The purpose of the disclosure document is to inform about every aspect of the business relationship that will be established with the franchisor to enable prospective franchisees to make a well-educated decision before concluding the franchise agreement.