For Alloy franchises, how many calendar days before signing a binding agreement or making a payment must the Disclosure Document be provided, except as noted?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
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, Alloy must provide the Franchise Disclosure Document to prospective franchisees 14 calendar days before they sign a binding agreement or make a payment related to the franchise sale. This is a standard practice in franchising, allowing potential franchisees time to review the document and seek professional advice.
However, the disclosure document notes exceptions to this rule for franchisees in Iowa, Michigan and New York. 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. For Michigan franchisees, Alloy must provide the disclosure document at least 10 business days before signing any binding agreement or making a payment, whichever occurs first.
It is important for prospective Alloy franchisees to be aware of these specific state regulations and ensure they receive the FDD within the required time frame. Receiving the FDD on time is crucial, as failure to do so or if the document contains false or misleading information, it could be a violation of federal and state laws. Franchisees should report any discrepancies or concerns to the Federal Trade Commission and the appropriate state agency.