A Practice Note discussing select causes of disputes and other liabilities that franchisees commonly overlook when entering into franchise agreements or other transactions that implicate state or federal franchise laws. This Note describes certain steps prospective franchisees can take to identify potential liability in franchise arrangements, including understanding franchising disclosure documents, fees, and contract provisions. This Note primarily addresses franchisee concerns and does not present a comprehensive list of all possible franchising pitfalls. It is merely a guide to assist franchisees to avoid important, but commonly overlooked, areas of liability in franchising transactions.