When signing the Alloy Addendum receipt, what information must the Franchisee Representative provide?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
Please sign this copy of the receipt and date your signature. KEEP THIS COPY FOR YOUR RECORDS.
RECEIPT
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, when signing the receipt, the franchisee must sign and date the copy of the receipt. The franchisee is instructed to keep this copy for their records. This signed receipt serves as an acknowledgment that Alloy has provided the Franchise Disclosure Document to the prospective franchisee.
Alloy must provide the Disclosure Document to the franchisee 14 calendar days before they sign a binding agreement or make a payment. Iowa and New York law require Alloy to provide the document at the earlier of the first personal meeting or 10 business days before signing any agreement or payment. Michigan requires at least 10 business days before execution of any binding agreement or payment.
If Alloy does not deliver the Disclosure Document on time, or if it contains false or misleading statements, or a material omission, it may be a violation of federal and state law. This should be reported to the Federal Trade Commission in Washington, D.C., and the appropriate state agency.