factual

Does the Anago FDD include an Acknowledgement of Receipt as an exhibit?

Anago Franchise · 2025 FDD

Answer from 2025 FDD Document

I have received a disclosure document dated April 1, 2025, that included the following Exhibits:

A – Anago Subfranchise Rights Agreement

B – State Administrators/Agents for Service of Process

C – Deposit Agreement

D – NBDS License Agreement

E – List of Anago Subfranchisors

F – Financial Statements and guaranty of performance

G – Table of Contents for Anago Manuals

H – State Specific Riders

I - Acknowledgment of Receipt

Source: Item 22 — CONTRACTS (FDD page 62)

What This Means (2025 FDD)

Yes, according to Anago's 2025 Franchise Disclosure Document, an Acknowledgment of Receipt is included as Exhibit I. Item 23 discusses receipts and refers to Exhibit I as the Acknowledgment of Receipt.

Furthermore, Item 23 states that this document summarizes certain provisions of the Subfranchise Rights Agreement and other information in plain language, emphasizing the importance of carefully reading the disclosure document and all related agreements. It also outlines the timeframe in which Anago must provide the disclosure document to potential franchisees, which is generally 14 calendar days before signing any binding agreement or making any payments. However, this timeframe may vary based on state laws, such as in Iowa, Michigan, and New York.

Additionally, the Acknowledgment of Receipt serves as confirmation that the franchisee has received the FDD, and it advises franchisees on what steps to take if the document is not delivered on time or contains false or misleading information. It also provides contact information for Anago Franchising, Inc. and instructs the recipient to sign and return a copy of the receipt to the company's headquarters.

Item 23 also mentions that Exhibit I of the FDD contains a detachable document in duplicate for acknowledging receipt of the disclosure document. Prospective franchisees are instructed to sign both copies, retain one for their records, and return the other signed copy to Anago.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.