What is typically found in the Pre-Sale Disclosure – UFOC?
• Description of the franchisor, predecessors and affiliates • Identity and business experience of officers and directors • Litigation history • Bankruptcy history • Initial franchise fee • Additional costs and fees • Initial investment • Restrictions on sources of products & services • Franchisee’s Obligations • Financing arrangements for franchisees • Franchisor’s obligations • Territorial protection • Trademarks, service marks and trade names • Patents, copyrights & proprietary information • Franchisee requirement to operate the business • Restrictions on sale of goods and services • Renewal, termination, transfer and dispute resolution of the franchise • Endorsements by public figures • Earnings claims • Names, addresses, and telephone numbers of current and former franchisees • Financial statements • Contracts and agreements • Receipt • Exhibits • Franchise Agreement • Equipment Lease • Premise Lease • Loan Agreement • others
