What is the significance of signing and dating the receipt for the All County Franchise Disclosure Document?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
Please sign and date this Receipt (with the date you received the Franchise Disclosure Document) and if you received it electronically via email, also: Open the attached Franchise Disclosure Document to verify that you can download it; then immediately Reply to All, with a cc to the email address listed on the cover page of this Franchise Disclosure Document, stating that you received and downloaded this Franchise Disclosure Document.
Also, print, sign and date a copy of this Receipt (with the date you received this Franchise Disclosure Document), and return the signed Receipt by mail to us at: All County Property Management Franchise Corp., 1700 66th St N, #402, St. Petersburg, Florida 33710
FRANCHISEE'S COPY
RECEIPT
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, signing and dating the receipt serves as confirmation that the prospective franchisee received the document. This is a crucial step in the franchise sales process, as franchise laws, including those in New York and Michigan, mandate that the franchisor provide the Franchise Disclosure Document (FDD) to the prospective franchisee within a specific timeframe before any binding agreement is signed or any payment is made. For instance, New York law requires this disclosure at the earlier of the first personal meeting or ten business days before execution of the agreement or payment of consideration. Michigan law stipulates at least 10 business days before either event.
For All County, the receipt confirms that the franchisee has been given the opportunity to review the FDD for the legally required time period. The FDD summarizes key provisions of the franchise agreement and other important information. By signing the receipt, the franchisee acknowledges they have received this information, which includes details about the franchise agreement, financial statements, lists of state agencies, and other critical exhibits. If the FDD is delivered electronically, the franchisee must also verify they can download it and reply to All County confirming receipt.
Furthermore, the FDD states that failure to deliver the Disclosure Document on time, or if it contains false or misleading statements, or a material omission, may constitute a violation of federal and state laws. This should be reported to the Federal Trade Commission and the appropriate state agency. The signed receipt acts as evidence that All County has met its obligations regarding providing the FDD in a timely manner, protecting both the franchisor and franchisee by documenting the exchange of critical information and adherence to legal requirements. All County requires that a copy of the receipt be printed, signed, dated, and returned by mail to their headquarters in St. Petersburg, Florida.