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Question
What is the Franchise Disclosure Document (FDD) and when must it be provided?
1
A marketing brochure describing the franchise opportunity, provided at any time during the sales process
2
A federally required disclosure document containing 23 items of information, provided at least 14 days before any agreement is signed
3
A state-level registration document filed by the franchisee after opening
4
A financial audit of the franchisee's personal finances, required by the franchisor before approval
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