Episode Summary In this episode of Franchising Your Business, host Kevin Rosenquist welcomes franchise attorney Tim Pickwell for an in-depth discussion on franchise disclosure laws—the legal foundation of franchising. Tim explains the critical role of the Franchise Disclosure Document (FDD), its evolution, and why it’s a vital tool for protecting both franchisors and franchisees. He also covers the impact of federal and state franchise laws, key disclosure requirements, and why attempting to franchise without legal guidance is a risky move. Timestamps 00:00 – Introduction to the episode and guest, Tim Pickwell 00:42 – What is a Franchise Disclosure Document (FDD) and why is it required? 02:07 – The history of franchise disclosure laws and how they developed 06:46 – How the FDD changed franchise disclosure and protections for franchisees 09:36 – The role of the North American Securities Administrators Association (NASAA) in shaping franchise laws 11:28 – Key sections of the FDD and their importance 13:58 – Why franchisors should never attempt to draft an FDD without legal assistance 14:46 – Closing thoughts and where to learn more About the Show Franchising Your Business is a podcast dedicated to helping entrepreneurs and business owners navigate the complexities of franchising. Each episode features expert insights on legal requirements, best practices, and strategies for building a successful franchise system.