In Michigan, how many business days before the execution of any binding agreement or payment of consideration must Alloy provide the Disclosure Document?

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 execution of any binding franchise agreement or the payment of any consideration, whichever comes first. This regulation ensures that potential franchisees have sufficient time to review the document and seek professional advice before making any commitments.

This 10-business-day period is designed to protect franchisees by allowing them to carefully evaluate the terms and conditions of the franchise opportunity. It gives them an opportunity to conduct due diligence, consult with legal and financial advisors, and fully understand the obligations and risks associated with investing in an Alloy franchise.

Failure by Alloy to deliver the Franchise Disclosure Document within the stipulated timeframe or if the document contains false, misleading, or omits material information, it may constitute a violation of both federal and state laws. In such cases, prospective franchisees are advised to report the violation to the Federal Trade Commission and the appropriate state agency.