For a 1-800-GOT-JUNK? franchise, what is the minimum number of days before any consideration is paid that the disclosure document must be provided, according to the Franchise Investment Law?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
the Franchise Agreement and other information in plain language. Read this disclosure document and all agreements carefully. If 1-800-GOT-JUNK? LLC offers you a franchise, it must provide this disclosure document to you at least 14 calendar days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale. The laws of New York require that we give you this disclosure document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship. The laws of Michigan require that we give you this disclosure document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first. If 1-800-GOT-JUNK?
Source: Item 22 — Contracts (FDD page 24)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, the minimum number of days that 1-800-GOT-JUNK? must provide the disclosure document before payment of any consideration is dependent on the state.
In general, 1-800-GOT-JUNK? must provide the disclosure document to you at least 14 calendar days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale. However, New York law requires 1-800-GOT-JUNK? to provide the Franchise Disclosure Document at the earliest of the first personal meeting, ten (10) business days before the execution of the franchise or other agreement, or the payment of any consideration that relates to the franchise relationship.
For prospective franchisees in Hawaii, the Franchise Investment Law mandates that 1-800-GOT-JUNK? provide the disclosure document at least seven days before the execution of any binding agreement or the payment of any consideration, whichever occurs first.