When signing the Alloy Addendum receipt, what information must the Franchisor Representative provide?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
Prospective Franchisee's Copy
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.
The name, principal business address and telephone number of the franchise seller for this offering
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
According to Alloy's 2025 Franchise Disclosure Document, the receipt serves as an acknowledgment that Alloy must provide the Franchise Disclosure Document to the prospective franchisee within a specific timeframe before signing any binding agreement or making a payment. The receipt outlines different timeframes based on the state. For instance, Iowa and New York require Alloy to provide the FDD at the earlier of the first personal meeting or 10 business days before any agreement or payment. Michigan requires at least 10 business days before the agreement or payment, whichever comes first.
The receipt also states that if Alloy does not deliver the FDD on time, or if it contains false or misleading information, it could be a violation of federal and state law. In such cases, the franchisee is advised to report it to the Federal Trade Commission and the appropriate state agency.
Furthermore, the receipt requires the name, principal business address, and telephone number of the franchise seller for the offering. The prospective franchisee must sign and date the receipt, keeping a copy for their records as proof of receiving the disclosure document.