For a prospective franchise owner, a franchise agreement is arguably one of the most significant contracts you will ever sign.  Careful due diligence is highly recommended.  RVA small business and franchise attorney Eric Perkins has been reviewing Franchise Disclosure Documents for over 20 years, helping clients understand the terms, features, risks, and ramifications of the extensive documentation franchisors are required by law to provide.  A sample of topics typically addressed in the FDD review memorandum include personal guarantees, franchisor management experience, operations manual, restrictive covenant issues, financial reporting requirements and more.  Follow-up consultations and assistance negotiating contract terms with the franchisor is also included.  Basically, you have an advocate and resource to help you through the process until you have either signed a final franchise agreement or decided to take a pass and consider other opportunities.

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