What is the official name of the disclosure document that Face Foundrie must provide to the Area Developer?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
Area Developer further acknowledges that it received the disclosure document required by the Trade Regulation Rule of the Federal Trade Commission entitled "Disclosure Requirements and Prohibitions Concerning Franchising", otherwise known as the Franchise Disclosure Document (FDD), at least fourteen (14) calendar days prior to the date on which this Agreement was executed or any payment by Area Developer for the rights granted under this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 74–257)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the official name of the disclosure document is the "Franchise Disclosure Document", also known as the "FDD". Face Foundrie must provide this document to the Area Developer at least 14 calendar days before the Area Development Agreement is executed or any payment is made. This allows the Area Developer sufficient time to review the document and make an informed decision.
The Franchise Disclosure Document summarizes the provisions of the franchise agreement and other information in plain language. It is designed to provide potential franchisees with essential information about the franchise system, including fees, obligations, and restrictions. The FDD also contains information about the franchisor's background, financial performance, and existing franchisees.
It is important for the Area Developer to carefully read the Franchise Disclosure Document and all related agreements. If Face Foundrie does not deliver the Disclosure Document on time, or if it contains a false or misleading statement, or a material omission, a violation of federal and state law may have occurred. This should be reported to the Federal Trade Commission and the appropriate state agency.