What is the deadline for Alloy Personal Training, LLC to provide the Disclosure Document in Michigan before the execution of any binding franchise agreement or payment of any consideration?

According to Alloy's 2025 Franchise Disclosure Document, Michigan law requires Alloy to provide the Franchise Disclosure Document to prospective franchisees at least 10 business days before the earlier of two events: the execution of any binding franchise or other agreement, or the payment of any consideration related to the franchise relationship. This regulation is designed to ensure that potential franchisees have sufficient time to review the FDD and make informed decisions.

This 10-business-day period allows prospective Alloy franchisees in Michigan to carefully consider the terms of the franchise agreement, assess the risks and benefits of investing in an Alloy franchise, and seek professional advice if needed. It also prevents Alloy from pressuring candidates into signing agreements or making payments without adequate time for review.

If Alloy fails to deliver the FDD within this timeframe or if the document contains false, misleading, or omits material information, it could constitute a violation of both federal and state law. In such cases, the FDD advises that the prospective franchisee should report this to the Federal Trade Commission and the appropriate state agency.