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The franchise agreement is highlighted as the most critical document next to the Franchise Disclosure Document (FDD). It is a binding contract signed by both the franchisor and franchisee, outlining the obligations of the franchisee. This agreement provides the franchisor with tools to enforce compliance and typically delineates the franchisee's responsibilities regarding support and training, often favoring the franchisor. It is also recommended to discuss the client’s future growth plans during this process to allow for flexibility within the agreement, ensuring the client retains certain rights moving forward.