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The franchise agreement is the most important document next to the FDD in a franchise relationship. It outlines the obligations of both the franchisor and franchisee, giving tools to enforce these obligations. It typically covers the franchisee's obligations for support and training, with flexibility for future growth plans. The franchisor has discretion in setting these obligations, making the document generally favorable to them. It is crucial for both parties to carefully review and understand this binding contract.
