What must an Angry Chickz Developer and its Affiliates sign to proceed with a new franchise agreement?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit K – Receipt
This disclosure document summarizes certain provisions of the franchise agreement and other information in plain language. Read this disclosure document and all agreements carefully.
If Angry Chickz Franchising LLC offers you a franchise, it must provide this disclosure document to you 14 calendar days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale.
Several states, including New York, require that we give you this disclosure document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship.
Several states, including Michigan, require that we give you this disclosure document at least 10 business days before execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first.
If Angry Chickz Franchising 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 state agency listed on Exhibit H.
The following is the name, principal business address and telephone number of each franchise seller
offering this franchise: Mike LaRue 15301 Ventura Blvd. Bldg B-250 Sherman Oaks, California 91403 818-574-3737 David Mkhitaryan 15301 Ventura Blvd. Bldg B-250 Sherman Oaks, California 91403 818-574-3737 See attached list Date of Issuance: May 9, 2025 See Item 1 for our registered agent authorized to receive service of process. I have received a disclosure document dated May 9, 2025 that included the following Exhibits: A Franchise Agreement G Financial Statements B Area Development Agreement H State Administrators / Agents for Service of Process C General Release I Manual Table of Contents D Continuing Guaranty J State Addenda E Confidentiality Agreement K Receipts F Lists - Franchised Locations, Signed but Not Open, Former Franchisees Date: Prospective Franchisee: By: Name: Individually and on behalf of the following entity: Company Name:
Source: Item 23 — RECEIPTS (FDD pages 54–260)
What This Means (2025 FDD)
According to the 2025 Angry Chickz Franchise Disclosure Document, a prospective franchisee must sign a receipt (Exhibit K) to acknowledge receiving the FDD and its exhibits. This receipt confirms that Angry Chickz provided the disclosure document at least 14 calendar days before the franchisee signs any binding agreement or makes any payment related to the franchise. This waiting period allows the prospective franchisee adequate time to review the document and seek professional advice. The receipt also includes a space to list the exhibits included with the FDD, such as the Franchise Agreement, Area Development Agreement, General Release, and Financial Statements.
In addition to the receipt, if the franchisee is developing multiple Angry Chickz locations, they will need to sign an addendum to the Area Development Agreement. This addendum outlines specific terms and conditions for development, such as deferred payment of development fees in certain states like California and Illinois until each location opens. The addendum ensures that the Area Development Agreement is valid and enforceable according to its terms, with any modifications or clarifications clearly stated within the addendum itself. The document also specifies which version of law applies to the agreement.
Furthermore, the Angry Chickz franchisee must also sign the Area Development Agreement itself, along with any state-specific addenda that may apply based on where the franchise is located. For example, addenda for California, Virginia, and Illinois are included in the FDD excerpt. These addenda address specific legal requirements and modifications to the standard agreement to comply with state franchise laws. These addenda often include clauses related to fee deferrals, choice of law, and protection of franchisee rights under state franchise laws, ensuring that the franchise agreement adheres to local regulations and provides appropriate safeguards for the franchisee.