In Michigan, what is the deadline for Annex Brands to provide the disclosure document to a prospective franchisee?

According to Annex Brands' 2025 Franchise Disclosure Document, Michigan requires that Annex Brands provide the disclosure document to a prospective franchisee at least 10 business days before the earlier of two events: the execution of any binding franchise or other agreement, or the payment of any consideration related to the franchise. This regulation is designed to ensure that potential franchisees have sufficient time to review the FDD and make informed decisions.

This requirement means that a prospective Annex Brands franchisee in Michigan must receive the FDD at least 10 business days before signing any agreement that legally binds them to the franchise or before making any payments, such as initial franchise fees or deposits. The 10-business-day period allows the franchisee to thoroughly evaluate the opportunity, consult with advisors, and assess the risks and benefits before committing financially or legally.

Failure by Annex Brands to deliver the disclosure document on time, or if the document contains false or misleading statements, or a material omission, may constitute a violation of federal and state law. In such cases, the prospective franchisee is advised to report the violation to the Federal Trade Commission and the appropriate state agency, as identified in Exhibit A of the FDD.