Does the All States M.E.D. FDD specify any consequences for providing dishonest responses in the Franchisee Disclosure Questionnaire?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
in the accompanying financial statements.
EXHIBIT G-1 TO THE DISCLOSURE DOCUMENT LIST OF CURRENT FRANCHISEES
The following is a list of the names of all current franchisees and the address and telephone number of each of their outlets as of our last fiscal year end:
Operational Outlets (as of December 31, 2022):
Massachusetts
Samuel Levy 23 Cummings Park Drive Woburn, MA 01801 (617)581-4441
Franchise Agreement Signed But Outlet Not Yet Open (as of December 31, 2022):
None
*We identify any franchisees that were area developers with an asterisk (there are none in the List above).
EXHIBIT G-2 TO THE DISCLOSURE DOCUMENT LIST OF FORMER FRANCHISEES
The following is a list of the names, city and state, and current business telephone number, or if unknown, the last known home telephone number of every franchisee who had an outlet terminated, canceled, not renewed, or otherwise voluntarily or involuntarily ceased to do business under the franchise agreement during our most recently completed fiscal year or who have not communicated with us within 10 weeks of the Issuance Date of this Disclosure Document. If you buy this franchise, your contact information may be disclosed to other buyers when you leave the franchise system.
Source: Item 23 — RECEIPTS (FDD pages 44–174)
What This Means (2024 FDD)
According to the 2024 All States M.E.D. Franchise Disclosure Document, Exhibit H, titled "FRANCHISEE DISCLOSURE QUESTIONNAIRE," states that the questionnaire is designed to determine if any unauthorized, untrue, inaccurate, or misleading statements or promises were made to the franchisee. It also confirms proper representation and understanding of claim limitations related to the franchise. The document emphasizes the importance of providing honest responses when completing the questionnaire.
While the FDD highlights the importance of honest responses, it does not explicitly detail specific consequences for providing dishonest answers in the Franchisee Disclosure Questionnaire. However, misrepresentation or false statements could potentially lead to legal issues or affect the franchise agreement, given the questionnaire's role in ensuring the franchisee's understanding and acknowledgement of the terms.
Prospective All States M.E.D. franchisees should seek clarification from the franchisor regarding the specific ramifications of providing dishonest responses in the Franchisee Disclosure Questionnaire. Understanding the potential legal and contractual implications of misrepresentation is crucial before entering into a franchise agreement.