Does the All States M.E.D. FDD specify any exceptions to the requirement that the Franchisee Disclosure Questionnaire be dated?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
I have received a Franchise Disclosure Document dated April 26, 2024 including the following exhibits on the date listed below:
A. List of State Administrators
- B. State Agents for Service of Process
- C. Franchise Agreement
Schedule 1-General Release
Schedule 2-Nondisclosure and Non-Competition Agreement
Schedule 3-Unlimited Guaranty and Assumption of Obligations
Schedule 4-Lease Addendum
Schedule 5-ACH Payment Agreement
Schedule 6-Holders of Legal or Beneficial Interest in Franchisee; Officers; Directors
Schedule 7-State Addenda to the Franchise Agreement
- D. Operations Manual Table of Contents
- E. Area Development Agreement
Appendix A-Development Territory
Appendix B-Development Schedule
Appendix C-Owner's Guaranty and Assumption of Developer's Obligations
Appendix D-List of Principals
Appendix C-State Addenda to the Area Development Agreement
- F. Financial Statements
- G-1 List of Current Franchisees
G-2 List of Former Franchisees
- H. Franchisee Disclosure Questionnaire
- I. State Addenda to the Disclosure Document
- J. State Effective Dates
- K. Receipts
Franchising, LLC and keep the other for your records. Date of Receipt Print Name Signature (individually or as an officer, member, or partner of) a [STATE of Incorporation]
[Corporation/LLC/Partnership]
Please sign and print your name below, date, and return one copy of this receipt to All States M.E.D.
Source: Item 23 — RECEIPTS (FDD pages 44–174)
What This Means (2024 FDD)
The 2024 All States M.E.D. Franchise Disclosure Document includes a receipt that the franchisee must sign, print their name, and date before returning a copy to All States M.E.D. Franchising, LLC. The FDD also states that the franchisee must acknowledge receipt of the Franchise Disclosure Questionnaire. However, the document does not explicitly state any exceptions to the requirement that the Franchisee Disclosure Questionnaire be dated.
Prospective franchisees should be aware that the FDD emphasizes the importance of carefully reviewing all documents and agreements. The receipt serves as an acknowledgment that the franchisee has received the FDD and its exhibits, including the Franchisee Disclosure Questionnaire.
It is standard practice for franchisors to require franchisees to date documents to confirm the timeline of disclosure and agreement. Since the All States M.E.D. FDD does not mention any exceptions to dating the Franchisee Disclosure Questionnaire, a prospective franchisee should confirm with All States M.E.D. whether there are any circumstances under which the questionnaire would not need to be dated.