[provide a list of contractual or task level assumptions and/or constraints that are preconditions to preparation of the frd. An frd or functional requirements document serves as a contract for formal statement, between the business stakeholders and the technology team, on an application’s functional requirements. This comprehensive guide will equip you with the knowledge and tools to create a robust and effective frd template. This document is a functional requirements document (frd) template that outlines the sections and content needed for documenting software requirements. They communicate what problem needs.