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One of the biggest perks of buying a franchise is licensing rights. Consumers are familiar with it and you can rely on that to be successful.
An important document to review is the franchise disclosure document (FDD). You have a right to this document and should ask for it before you decide whether or not you want to make a franchise purchase.
Remember, your rights as a franchise owner are not always included in a franchise agreement beyond the basics. You have the right to read your franchise agreement and ask that it be revised to address any further rights you are not clear about.
No matter which franchise you decide to buy, you will be faced with the franchise agreement. It's an important document that should be talked about.
The franchise rule gives potential purchasers of a franchise the information they need to examine and compare the risks and benefits of making such a life-changing investment, with the end result being that the potential buyer is making an informed buying decision.
