In the Alloy receipt section, who are the parties required to sign the document?

According to Alloy's 2025 Franchise Disclosure Document, the receipt section specifies that the prospective franchisee must sign and date their copy of the receipt, acknowledging they received the Franchise Disclosure Document. Alloy requires the franchisee to return a signed copy to them and keep a copy for their own records.

This receipt serves as proof that Alloy provided the FDD to the prospective franchisee within the legally mandated timeframe, which varies by state. For example, federal law requires the FDD be provided 14 calendar days before signing an agreement or making a payment. Iowa and New York require it at the earlier of the first personal meeting or 10 business days before signing or payment. Michigan requires 10 business days before signing or payment.

By signing the receipt, the franchisee acknowledges they received the FDD, but it doesn't waive any rights. The FDD also states that if Alloy does not deliver the 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.