What is the purpose of the All County Disclosure Document?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
This Disclosure Document summarizes certain provisions of the franchise agreement and other information in plain language. Read this disclosure document and all agreements carefully. If All County Property Franchise Management Corp. offers you a franchise, it must provide this Disclosure Document to you 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.
New York law requires a franchisor to provide the Franchise Disclosure Document at the earlier of the first personal meeting or 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. 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.
If All County Property Franchise Management Corp. does not deliver this Disclosure Document on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and appropriate state agency listed in Exhibit C. All County Property Franchise Management Corp.'s registered agents authorized to receive service of process are listed in Exhibit C.
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the document serves to summarize key aspects of the franchise agreement and other relevant information in plain language. It is intended to be read carefully along with all other agreements associated with the franchise. All County must provide the Disclosure Document to prospective franchisees at least 14 calendar days before they sign any binding agreement or make any payment to All County or its affiliates related to the franchise sale. This allows potential franchisees adequate time to review the document and seek professional advice.
In certain states like New York and Michigan, specific laws dictate the timing of providing the Franchise Disclosure Document. New York requires it at the earlier of the first personal meeting or ten business days before signing agreements or making payments. Michigan requires delivery at least 10 business days before any binding agreement or payment, whichever comes first. These regulations ensure franchisees in these states have sufficient time to consider the opportunity.
The Disclosure Document also serves as a legal protection for franchisees. If All County fails to deliver the document on time, or if it contains false, misleading, or omits material information, it may constitute a violation of federal and state laws. Franchisees are advised to report such violations to the Federal Trade Commission and the appropriate state agency. This provision underscores the importance of accurate and timely disclosure in the franchise sales process, and provides avenues for franchisees to seek recourse if they believe they have been wronged.