Is there a deadline associated with the 'PRINCIPAL ACKNOWLEDGMENT' for Alloy?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
Schedule E to the Franchise Agreement
ACKNOWLEDGMENT ADDENDUM TO ALLOY FRANCHISE AGREEMENT
THIS ACKNOWLEDGEMENT ADDENDUM DOES NOT APPLY TO CANDIDATES LOCATED IN OR BUSINESSES TO BE LOCATED IN ANY OF THE FOLLOWING FRANCHISE REGISTRATION STATES: CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA, WI.
As you know, you and we are entering into a Franchise Agreement for the operation of an ALLOY franchise. Please review each of the following questions carefully and provide honest responses to each question.
**Acknowledgments and Representations
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
The 2025 Alloy FDD includes an Acknowledgment Addendum to both the Area Development Agreement and the Franchise Agreement. This addendum requires prospective franchisees to review and respond honestly to a series of questions. However, the excerpts provided do not specify a deadline for completing and submitting this acknowledgment.
It is important to note that this Acknowledgment Addendum does not apply to candidates or businesses located in California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, or Wisconsin. This suggests that Alloy may have different requirements or procedures for franchisees in those states due to specific franchise registration laws.
Since the FDD excerpts do not provide a specific deadline for the 'PRINCIPAL ACKNOWLEDGMENT,' prospective Alloy franchisees should directly ask the franchisor about the expected timeframe for completing and submitting this document. Understanding the deadline is crucial for ensuring compliance with the franchise agreement and avoiding potential delays in the franchise approval process.