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Questions for Clara
Clara is your Expert FDD Assistant. She helps you find and understand what a filing says, fast. Here are useful ways to start, grouped by what you are trying to learn.
Clara answers only from the FDD open in that Workspace. She has no outside access, no other filings, and no view of the web, so every answer comes from that one document and cites where it appears. Copy any prompt below and paste it into the Workspace.
Fees and cost to open
3Start with what you will pay, up front and over time.
“What is the full set of fees in this FDD, both initial and ongoing?”
“What will it cost to open, including working capital, from the Item 7 table?”
“Which fees are situational, and what triggers each one?”
Item 19 and performance
3Read any financial performance claim in context.
“What does Item 19 disclose, and which units are included or excluded?”
“Walk me through the footnotes on the Item 19 figures.”
“Is the Item 19 number an average or a median, and is the other one shown?”
Outlets and the system
3See whether the system is growing, and where the owners are.
“How many outlets opened and closed over the last three years?”
“Is this system growing or shrinking, and how does it break down by state?”
“Where are the current and former franchisee lists in this filing?”
Territory and operations
3Understand what you control and what you must follow.
“What does this FDD say about my territory, and what does the franchisor reserve?”
“What am I required to buy, and from whom?”
“What support and training does the franchisor commit to?”
Renewal, transfer, and exit
2Know how the relationship renews and how it can end.
“What are the renewal, termination, and transfer terms in this agreement?”
“What does this FDD say about any non-compete obligations?”
Ask for the source
2Keep every answer tied back to the filing.
“For each answer, cite the Item it comes from.”
“Show me exactly where in this filing that appears.”
The printable
Keep the prompts beside you.
All sixteen prompts on a one-page card. Print it, save it, or keep it open next to your Workspace.