Answer:
A Disclosure Document is a standard form document (prescribed by the Franchising Code) which all Franchisors must have in order for them to be able to operate as a Franchise. The Disclosure Document can be described as a document which summarises information regarding the Franchise and its system, and sets out for example, details of the Franchisor, details of the existing Franchise network, and what fees will be payable under the Franchise.
For more information see part one and part two of our series on Disclosure Documents.
