How many calendar days before executing the Engel & Volkers franchise agreement or paying consideration must a franchisee receive the franchise disclosure document?

According to Engel & Volkers's 2025 Franchise Disclosure Document, a prospective franchisee must receive a copy of the FDD, along with all proposed agreements, at least 14 calendar days before the earlier of two events: either the execution of the franchise agreement or the payment of any consideration to Engel & Volkers in connection with the sale of the franchise. This disclosure period is designed to allow potential franchisees adequate time to review the documents, seek professional advice, and make an informed decision.

This 14-day review period is a standard requirement under the Franchise Rule enforced by the Federal Trade Commission (FTC). It aims to protect franchisees by ensuring they have sufficient time to understand the terms and conditions of the franchise agreement before committing to the investment. The 'consideration' mentioned includes any fees or payments made to Engel & Volkers for the right to own and operate a franchise.

Engel & Volkers also requires franchisees to acknowledge in the franchise agreement that they have received the FDD and all related agreements within the mandated timeframe. This acknowledgement serves as confirmation that Engel & Volkers has met its disclosure obligations and that the franchisee has had the opportunity to review the documents. Franchisees should use this time wisely to conduct thorough due diligence, consult with legal and financial advisors, and fully understand the obligations and opportunities associated with the Engel & Volkers franchise.