It is a document presented to prospective franchisees by franchisors in the pre-franchise sale disclosure process
Avoiding to prepare it is informed by utter ignorance of international best practices of franchise documentation requirements, not being bound by a Code of Ethics and Business Practices franchisors would otherwise sign upon joining a world-recognized franchise association, inexistence of laws requiring preparation and sharing, outright crookedness of aspiring franchisors or a combination of these.
