Does the All States M.E.D. Franchisee Disclosure Questionnaire require me to understand all the information contained in the Franchise Disclosure Document?
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
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 is the Franchisee Disclosure Questionnaire. The document includes a receipt page that lists the exhibits included in the Franchise Disclosure Document, including the Franchisee Disclosure Questionnaire. This indicates that the Franchisee Disclosure Questionnaire is a component of the FDD that the franchisee receives.
However, the excerpts provided do not explicitly state that the Franchisee Disclosure Questionnaire requires a franchisee to understand all the information contained within the Franchise Disclosure Document. The FDD emphasizes the importance of carefully reading the document and consulting with advisors. Franchisees also must confirm that the information they provide to All States M.E.D. is accurate.
To fully answer this question, a prospective All States M.E.D. franchisee should carefully review Exhibit H, the Franchisee Disclosure Questionnaire, within the FDD. They should look for any statements or acknowledgements that require them to confirm their understanding of the FDD's contents. If the questionnaire does not explicitly require this, it would be prudent to ask All States M.E.D. directly about their expectations regarding a franchisee's familiarity with the FDD.