And franchise system allow

... The fundamental policy underlying the disclosure laws is to ensure that a prospective franchisee has enough material information about the franchisor and the franchise system to allow the person to make an informed decision in evaluating the franchise opportunity. All franchisors offering and selling franchises in the U.S. had to convert their old disclosure documents to the new franchise disclosure document or FDD format required under the Amended Rule by July 1, 2008. The Amended Rule also requires the franchisor to disclose information about the franchise agreement and the franchise relationship, including obligations of both the franchisee and the franchisor, fees paid, territory restrictions, financing and trademarks licensed. Further, the franchisor must provide an estimated initial investment for a franchisee to enter into the franchise and it may, at its option, provide a financial performance representation (formerly referred to as an “earnings claim”). ...