What's Your Next?

The Entire Franchise Deal - FDD Item 22

October 06, 2023 Stacey Riska
What's Your Next?
The Entire Franchise Deal - FDD Item 22
Show Notes


Guess what, imagine this, we're going to be covering another item in the Franchise Disclosure Document (FDD), but we promise we are really close to the end. If you've been following along with us through all the Items of the FDD, you're probably worn out by now. The good news, this is a short item. It's item 22.

Item 22 of the FDD has to do with overall contracts, and I would call it the disclosure of contracts to you in this particular item. This statement summarizes the whole thing. The franchisor needs only to state a short opening sentence something along the lines of the following agreements/contracts and other required exhibits are attached to this disclosure document in the pages immediately following. So what they're saying is that here's a list of all their agreements/contracts that are going to become part of your overall agreement with that franchisor if you decide to move forward in this particular item. 

So in short order what it mostly says is you've read the whole FDD 

… watch/listen to the full episode/podcast

What’s Covered

  1. What is Item 22?
  2. Why Item 22 is an important item you review and understand
  3. The general types of contacts/agreements you will find here

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