In the UK‑style short and human answer: under the French Loi Doubin, a franchisor must give a written pre‑contractual disclosure document (DIP) at least 20 days before any franchise agreement is signed or any payment is made, containing honest, detailed information about the franchisor, the network, financials, contracts, obligations and risks so a prospective franchisee can decide with their eyes open. If the franchisor fails to disclose on time, provides misleading or incomplete information, or doesn’t update material facts, the consequences can hurt including criminal fines (for example up to €1 500 for individuals and larger amounts for companies), the possibility of the franchise contract being declared null and void, and civil damages to compensate the franchisee for harm caused by the lack of truthful disclosure.