Does the All Team franchise receipt require confirmation of reviewing the Franchisor's Franchise Disclosure Document (FDD)?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
| 1. | Have you received and personally reviewed the Franchise Agreement and each exhibit and schedule attached to it? Yes No |
|---|---|
| 2. 3. | Have you received and personally reviewed the Franchisor's Franchise Disclosure Document (the "FDD") that Franchisor provided to you? Yes No |
| 4. | Did you sign a receipt for the FDD indicating the date you received it? |
| Yes | |
| No | |
| 5. | Date on which you received the FDD and related Exhibits explaining the All Team |
| Franchise. | |
| , 20 | |
| (month, day) |
Source: Item 23 — RECEIPT (FDD pages 34–161)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the Franchisee Disclosure Questionnaire includes a section where the franchisee confirms receipt and personal review of the Franchisor's Franchise Disclosure Document (FDD). This confirmation is part of a broader set of questions designed to ensure the franchisee understands the agreement they are entering.
Specifically, the questionnaire asks, "Have you received and personally reviewed the Franchisor's Franchise Disclosure Document (the 'FDD') that Franchisor provided to you?" with a 'Yes' or 'No' response option. Additionally, it asks, "Did you sign a receipt for the FDD indicating the date you received it?" with a 'Yes' or 'No' response option. The franchisee must also provide the date on which they received the FDD.
This process serves to protect both All Team and the franchisee by documenting that the franchisee has had the opportunity to review the FDD and understand its contents. It also helps All Team ensure that no unauthorized promises or statements were made to the franchisee during the sales process. By signing the questionnaire, the franchisee represents that their responses are truthful and that they have reviewed the questions and answers with any other owners or representatives involved in the business.