What information about the Anago franchisee may Anago be required to disclose under federal and state franchise registration and disclosure laws?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
You agree that, under federal and state franchise registration and disclosure laws and other applicable laws, We may be required to disclose Your name, home address and telephone number and You agree to the disclosure of Your name, home address and telephone number. You must notify Us of any change in Your name, home address and telephone number within 10 days of the change. You release Us and Our officers, directors, stockholders, agents and legal successors and assigns from all causes of action, suits, debts, covenants, agreements, damages, judgments, claims and demands, in law or in equity, that You ever had, now have, or that You later may have from Our disclosure of Your name, home address and telephone number.
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, Anago may be required to disclose a franchisee's name, home address, and telephone number under federal and state franchise registration and disclosure laws. The franchisee agrees to this disclosure and must notify Anago of any changes to this information within 10 days. The franchisee also releases Anago from any claims or liabilities arising from the disclosure of this information. This is a fairly standard practice in franchising, as transparency and contactability are important for regulatory compliance and communication within the franchise system.
This disclosure requirement ensures that regulatory bodies and potentially other franchisees or clients can verify and communicate with Anago franchisees. By agreeing to the disclosure and releasing Anago from related liabilities, prospective franchisees acknowledge this condition as part of their franchise agreement. The stipulation to update Anago within 10 days of any changes to the contact information ensures that the information remains current and accurate.
For a prospective Anago franchisee, this means understanding that their basic contact information will be accessible as required by law. While this promotes transparency, franchisees should consider the implications for their personal privacy. It is also important to adhere to the notification requirement to maintain compliance with the franchise agreement and relevant laws.