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Is the All States M.E.D. Franchisee Disclosure Questionnaire used for franchise sales to residents of Rhode Island?

All_States_M_E_D Franchise · 2024 FDD

Answer 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]

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, the Franchisee Disclosure Questionnaire is not to be used for franchise sales in or to residents of Rhode Island. This means that All States M.E.D. franchisees in these states will not be required to complete this questionnaire as part of the franchise sales process.

All States M.E.D. uses the Franchisee Disclosure Questionnaire to determine if any unauthorized statements or promises were made to the franchisee, to ensure proper representation, and to confirm the franchisee understands the limitations on potential claims. The document emphasizes that the questionnaire cannot be signed on the same day as the Franchise Disclosure Document receipt but must be signed on the same day as the Franchise Agreement when the franchise fee is paid.

Prospective All States M.E.D. franchisees in states where the questionnaire is not used should be aware that the franchisor may employ alternative methods to gather similar information or ensure franchisee understanding. It is important for all franchisees to carefully review all documents and seek independent legal counsel to fully understand their rights and obligations, regardless of whether a questionnaire is used.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.