Does the All States M.E.D. Franchisee Disclosure Questionnaire require me to have personally reviewed the Franchise Agreement?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
ss, and telephone number of the franchise seller offering the franchise:
| X | Josino ("Joe") Ferreira, 6157 NW 167th Street, Suite F15, Miami Lakes, FL 33015 | 877-255-1699 | |---|---------------------------------------------------------------------------------------|--------------| | X | Lee Majidimehr, Franchise Creator, LLC, 7300 N. Kendall Drive, Suite 340, Miami, Florida 33156 | 305-592-9229 | | X | Miriam Mesa de Francisco, Franchise Creator, LLC, 7300 N. Kendall Drive, Suite 340, Miami, Florida 33156 | 305-592-9229 | | X | Michael Neira, Franchise Creator, LLC, 7300 N. Kendall Drive, Suite 340, Miami, Florida 33156 | 305-592-9229 | | | | | We authorize the respective state agencies identified on Exhibit B to receive service of process for us in the particular state.
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.
Source: Item 23 — RECEIPTS (FDD pages 44–174)
What This Means (2024 FDD)
The 2024 All States M.E.D. Franchise Disclosure Document (FDD) includes a receipt that the prospective franchisee must sign, acknowledging receipt of the FDD and its exhibits. Exhibit C to the FDD is the Franchise Agreement.
While the receipt confirms that the Franchise Agreement is part of the documents received, it does not explicitly state that the franchisee is required to have personally reviewed the Franchise Agreement. However, the receipt does state, "This Disclosure Document summarizes certain provisions of the Franchise Agreement and other information in plain language. Read this Disclosure Document and all agreements carefully."
It is standard practice in franchising, and highly recommended by the FTC, that prospective franchisees carefully review the entire Franchise Agreement and all related documents with a qualified advisor before signing. Although not explicitly mandated in the receipt, understanding the terms of the Franchise Agreement is crucial before entering into a franchise agreement with All States M.E.D.