What is the significance of Exhibit K in the Angry Chickz Franchise Disclosure Document?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: RECEIPTS]
Angry Chickz 05/25 FDD COPY FOR YOUR RECORDS
Company Name:
Title:
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, Exhibit K pertains to the receipt of the FDD. This exhibit serves as an acknowledgment that the prospective franchisee has received the disclosure document, which includes critical information about the franchise agreement and related details.
The FDD emphasizes the importance of carefully reviewing the disclosure document and all associated agreements. It also highlights the legal requirement for Angry Chickz to provide the FDD to potential franchisees within a specific timeframe—at least 14 calendar days before signing any binding agreement or making any payment related to the franchise. Certain states, such as New York and Michigan, have their own specific timelines, requiring the document to be provided even earlier, such as 10 business days before signing or payment.
The document further clarifies that failure to deliver the FDD on time, or if it contains false, misleading, or incomplete information, may constitute a violation of federal and state laws. In such cases, it advises reporting the issue to the Federal Trade Commission and the relevant state agency, as listed in Exhibit H. The receipt in Exhibit K includes spaces for the date of issuance (May 9, 2025), prospective franchisee's name, signature, and the name of the entity they represent, confirming they received the FDD and its exhibits, including the Franchise Agreement, Area Development Agreement, and Financial Statements.