For All States M.E.D., what is the consequence of not signing the Franchisee Disclosure Questionnaire?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
EXHIBIT H TO THE DISCLOSURE DOCUMENT FRANCHISEE DISCLOSURE QUESTIONNAIRE
Not to be used as to any franchise sale in or to residents of CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA, WI]
You and we are preparing to enter into a Franchise Agreement. This Acknowledgement is to determine whether any statements or promises were made to you that we did not authorize or are untrue, inaccurate or misleading, to ensure you have been properly represented, and that you understand the limitations on claims you may make relating to your franchise. You cannot sign or date this Acknowledgement the same day as the Receipt for the Franchise Disclosure Document. You must sign and date it the same day you sign the Franchise Agreement and pay your franchise fee. Please review each of the following questions carefully and provide honest responses.
Source: Item 23 — RECEIPTS (FDD pages 44–174)
What This Means (2024 FDD)
According to All States M.E.D.'s 2024 Franchise Disclosure Document, the Franchisee Disclosure Questionnaire, outlined in Exhibit H, is designed to ensure that prospective franchisees have not received any unauthorized, untrue, inaccurate, or misleading statements or promises. It also confirms that franchisees have been properly represented and understand the limitations on claims they can make regarding their franchise.
The document explicitly states that a franchisee cannot sign or date the Acknowledgement (the Questionnaire) on the same day they receive the Franchise Disclosure Document. Instead, it must be signed and dated on the same day the Franchise Agreement is signed and the franchise fee is paid.
While the FDD details when the Questionnaire must be signed, it does not explicitly state the consequences of not signing it. However, the questionnaire is required to finalize the franchise agreement. A prospective franchisee should seek clarification from All States M.E.D. regarding the specific ramifications of failing to sign the Franchisee Disclosure Questionnaire, as it is a required part of the agreement.