Item 22 includes a list of all the documents that the prospect is expected to sign. If there are any written contracts such as a multi-unit development agreement, personal guarantees, or promissory notes you are going to require, you need to disclose those here and include them as exhibits to the FDD.

Sample Item 22

ITEM 22: CONTRACTS

The following agreements and other required exhibits are attached to this disclosure document in the pages immediately following:

  1. Belmont Franchise Agreement
  2. Belmont Lease of Premises
  3. USA Credit Corp. Equipment Lease
  4. Belmont Equipment Purchase Note
  5. Belmont Initial Fee Loan Agreement
  6. Belmont Operating Manual Table of Contents
  7. Belmont Confidentiality and Non-Compete Agreement for Outlet Managers
  8. Belmont Non-Compete Agreement for Franchisee Shareholders
  9. Belmont Guarantee of Performance for Franchisee Shareholders
  10. Belmont Mufflers Audited Financial Statements for 2005, 2006, and 2007
  11. Richard McDonald Audited Financial Statements for 2005, 2006, and 2007
  12. CTF International Audited Financial Statements for 2005, 2006, and 2007
  13. CTF International Guarantee of Performance
  14. Receipts

Please email fieldguide@spadealaw.com if you have any suggestions, comments, correction or additions for the Field Guide. The purpose of the Field Guide is to create an organic, ever expanding resource of best practices for franchisors and your feedback and input is always welcome.