In the Alloy franchise agreement receipt, what information must the Developer representative provide when signing?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
Prospective Franchisee's Copy
Please sign this copy of the receipt and date your signature. KEEP THIS COPY FOR YOUR RECORDS.
RECEIPT
Except as noted below, if Alloy Personal Training, LLC offers you a franchise, we must provide this Disclosure Document to you 14 calendar days before you sign a binding agreement with, or make a payment to, us or an affiliate in connection with the proposed franchise sale.
Iowa and New York law require that Alloy Personal Training, LLC give you this Disclosure Document at the earlier of the first personal meeting or 10 business days before the execution of any franchise or other agreement or the payment of any consideration that relates to the franchise relationship.
Michigan requires that we give you this Disclosure Document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first.
If Alloy Personal Training, LLC does not deliver this Disclosure Document on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and the appropriate state agency identified on Exhibit A.
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
According to Alloy's 2025 Franchise Disclosure Document, the prospective franchisee must sign and date their signature on their copy of the receipt, acknowledging they received the disclosure document. This signed copy is for the franchisee's records. Alloy is obligated to provide the Franchise Disclosure Document to the prospective franchisee within a specific timeframe before any binding agreement is signed or payment is made. The timing depends on the state where the franchise is being offered.
In Iowa and New York, Alloy must provide the disclosure document at the earlier of the first personal meeting or 10 business days before the execution of any franchise agreement or payment of any consideration related to the franchise relationship. Michigan requires Alloy to provide the document at least 10 business days before the execution of any binding agreement or payment, whichever comes first.
The receipt also states that if Alloy does not deliver the Franchise Disclosure Document on time, or if it contains false, misleading, or omits material information, it may be a violation of federal and state laws. In such cases, the franchisee is advised to report this to the Federal Trade Commission in Washington, D.C., and the appropriate state agency, as identified in Exhibit A of the FDD.