Is the All States M.E.D. Franchisee Disclosure Questionnaire used for franchise sales to residents of South Dakota?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
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]
You and we are preparing to enter into a Franchise Agreement. This Acknowledgement is to determine whether any statements or promises were made to you that we did not authorize or are untrue, inaccurate or misleading, to ensure you have been properly represented, and that you understand the limitations on claims you may make relating to your franchise. You cannot sign or date this Acknowledgement the same day as the Receipt for the Franchise Disclosure Document. You must sign and date it the same day you sign the Franchise Agreement and pay your franchise fee. Please review each of the following questions carefully and provide honest responses.
Source: Item 23 — RECEIPTS (FDD pages 44–174)
What This Means (2024 FDD)
According to All States M.E.D.'s 2024 Franchise Disclosure Document, the Franchisee Disclosure Questionnaire is not to be used for franchise sales to residents of South Dakota.
Exhibit H to the Disclosure Document, titled "FRANCHISEE DISCLOSURE QUESTIONNAIRE," specifies that it is not to be used for franchise sales in or to residents of several states, including South Dakota. This means that All States M.E.D. will use a different process to determine whether any unauthorized statements or promises were made to prospective franchisees in South Dakota, to ensure they have been properly represented, and that they understand the limitations on claims they may make relating to their franchise.
Prospective franchisees in South Dakota should be aware that they will not be required to complete the standard Franchisee Disclosure Questionnaire. Instead, All States M.E.D. may use alternative methods to gather similar information and ensure compliance with franchise regulations. It is important for potential franchisees to understand what those methods are and to ask All States M.E.D. about the specific procedures that apply to them during the franchise sales process.