What does Alloy require franchisees to do with the second copy of the signed Disclosure Document acknowledgment?

According to Alloy's 2025 Franchise Disclosure Document, franchisees are required to sign and date the second copy of the receipt acknowledging they received the FDD, and then keep this copy for their records. This signed receipt serves as confirmation that Alloy provided the FDD to the prospective franchisee within the legally mandated timeframe.

This requirement ensures that Alloy can demonstrate compliance with federal and state franchise disclosure laws. These laws mandate that franchisors provide prospective franchisees with the FDD at least 14 calendar days (or in some states like Iowa, New York, and Michigan, 10 business days) before they sign any binding agreements or make any payments related to the franchise.

By keeping a signed copy of the receipt, franchisees have proof that they received the FDD in a timely manner, which can be important if any disputes arise later in the franchise relationship. It also serves as a reminder to the franchisee of their rights and the importance of reviewing the FDD carefully before making a final decision.