In the Alloy franchise agreement receipt, what information must the franchisee provide when signing?

According to Alloy's 2025 Franchise Disclosure Document, when signing the receipt, a prospective franchisee must sign and date the copy of the receipt. This signed copy serves as confirmation that Alloy provided the Franchise Disclosure Document (FDD) to the prospective franchisee within the legally required timeframe. The franchisee is instructed to keep this copy for their records.

This receipt is important because it documents Alloy's compliance with federal and state franchise disclosure laws. These laws mandate that franchisors provide potential franchisees with the FDD at least 14 calendar days (or in some states, 10 business days) before they sign any binding agreement or make any payment related to the franchise. The receipt helps ensure that franchisees have adequate time to review the FDD and seek professional advice before committing to the franchise.

If Alloy fails to deliver the FDD on time, or if the document contains false, misleading, or omits material information, it could be a violation of federal and state law. The receipt informs the prospective franchisee of their right to report such violations to the Federal Trade Commission and the appropriate state agency. This measure protects potential franchisees by providing them with recourse if the franchisor does not adhere to disclosure requirements.