What's Your Next?

The Franchise Disclosure Document (FDD) Item 13 Explained

April 11, 2023 Stacey Riska Episode 35
The Franchise Disclosure Document (FDD) Item 13 Explained
What's Your Next?
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What's Your Next?
The Franchise Disclosure Document (FDD) Item 13 Explained
Apr 11, 2023 Episode 35
Stacey Riska

https://www.NextLevelFranchiseGroup.com

There are 23 items in the Franchise Disclosure Document (FDD) and we're going to give a brief review of Item 13. If you havenโ€™t been following along with our reviews of the previous FDD items you might want to check those out if you haven't because a lot of these are progressive, meaning they lead into some of the future items that you would need to know information from items previously to kind of understand these particular items. Item 13, pertains to trademarks, copyrights, and other intellectual property that you have rights to under the franchise agreement.

This item really breaks down into a few different areas. 

  1. Trademarks 
  2. Royalties 
  3. Advertising
  4. Intellectual property
  5. Enforcement

So, let's talk about trademarks, this is a really, really big one. This one has to do with the right to use their logos, the right to use their marketing materials, and things like that. This is one probably that the franchisor cares the most about because it's the rights to use the name, the logo, and the branding, and ultimately that's what you're paying for the rights to use. So you want to make sure that you have a legal right to do so. 

continued ... watch full episode/podcast

๐Ÿ“š [Resources]

๐Ÿ“ QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU?

https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz

๐Ÿ’ฐ FREE FRANCHISE INVESTMENT CALCULATOR

https://www.nextlevelfranchisegroup.com/franchise-investment-calculator

๐Ÿ“– FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS

https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf

๐Ÿ“ฐ TONS OF ADDITIONAL RESOURCES AND CONTENT

https://www.nextlevelfranchisegroup.com

CONTACT US

๐Ÿ‘https://www.NextLevelFranchiseGroup.com/contact

๐Ÿ“ฐhttps://www.linkedin.com/company/next-level-franchise-group/

Show Notes

https://www.NextLevelFranchiseGroup.com

There are 23 items in the Franchise Disclosure Document (FDD) and we're going to give a brief review of Item 13. If you havenโ€™t been following along with our reviews of the previous FDD items you might want to check those out if you haven't because a lot of these are progressive, meaning they lead into some of the future items that you would need to know information from items previously to kind of understand these particular items. Item 13, pertains to trademarks, copyrights, and other intellectual property that you have rights to under the franchise agreement.

This item really breaks down into a few different areas. 

  1. Trademarks 
  2. Royalties 
  3. Advertising
  4. Intellectual property
  5. Enforcement

So, let's talk about trademarks, this is a really, really big one. This one has to do with the right to use their logos, the right to use their marketing materials, and things like that. This is one probably that the franchisor cares the most about because it's the rights to use the name, the logo, and the branding, and ultimately that's what you're paying for the rights to use. So you want to make sure that you have a legal right to do so. 

continued ... watch full episode/podcast

๐Ÿ“š [Resources]

๐Ÿ“ QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU?

https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz

๐Ÿ’ฐ FREE FRANCHISE INVESTMENT CALCULATOR

https://www.nextlevelfranchisegroup.com/franchise-investment-calculator

๐Ÿ“– FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS

https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf

๐Ÿ“ฐ TONS OF ADDITIONAL RESOURCES AND CONTENT

https://www.nextlevelfranchisegroup.com

CONTACT US

๐Ÿ‘https://www.NextLevelFranchiseGroup.com/contact

๐Ÿ“ฐhttps://www.linkedin.com/company/next-level-franchise-group/