What is the Michigan law requirement for All County providing the franchise Disclosure Document?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
Michigan law requires that All County Property Franchise Management Corp. provides this franchise 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.
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, Michigan law stipulates that All County Property Franchise Management Corp. must provide the Franchise Disclosure Document to prospective franchisees at least 10 business days before the execution of any binding franchise or other agreement. This requirement also applies if any payment of consideration related to the franchise occurs before the agreement is signed; in that case, the disclosure must be made at least 10 business days prior to the payment.
This regulation ensures that potential All County franchisees have sufficient time to thoroughly review the FDD and seek professional advice before committing to the franchise. The 10-business-day period allows franchisees to assess the risks and benefits associated with the franchise opportunity, examine the franchise agreement, and make informed decisions.
Failure by All County to deliver the FDD on time or if the document contains false, misleading, or omits material information, it may constitute a violation of federal and state laws. In such cases, the prospective franchisee is advised to report the violation to the Federal Trade Commission and the appropriate state agency listed in Exhibit C of the FDD. This measure protects franchisees by ensuring transparency and accuracy in the information provided by All County.