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Host: Michelle Rowan, President and COO of Franchise Business Review

Guest: Tom Spadea, Franchise Attorney of Spadea Lignana LLC

Episode Summary

In this insightful episode, Michelle Rowan and franchise attorney Tom Spadea delve into the intricacies of the Franchise Disclosure Document (FDD). They explore its critical components, such as litigation history, initial fees, and financial performance representations, offering valuable advice for prospective franchisees. Tom shares his journey into franchising, emphasizing the importance of understanding both the franchisor's and franchisee's roles. The conversation highlights the significance of due diligence, financial planning, and the relationship dynamics within franchising, providing listeners with essential guidance for making informed decisions in the franchise world.

Resources

• The Most Important Items in the Franchise Disclosure Document (FDD)
• What's In An FDD and What a Franchise Disclosure Document Won't Tell You
• Do You Need A Franchise Attorney? Here's Why and How To Hire One
• What Is A Franchise Agreement? Everything You Need To Know

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