When completing the Apricot Lane Franchise Disclosure Document receipt, what should a prospective franchisee do if they received any oral, written, or visual claim that contradicted the FDD?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
| 1. honest responses are needed, | I understand that Franchisor is seeking true and correct responses about the matters set forth below in order to verify if anything improper was said or represented to me before I signed the Franchise Agreement. I understand there is no "correct" response and that and I agree to provide them. |
|---|---|
| 2. Receipt). | The date I received Franchisor's Franchise Disclosure Document for Prospective Franchisees (the "FDD") was The FDD was for the state of (complete only if a specific state as listed on the Item 23 |
| 3. | I did not receive any oral, written or visual claim or representation about anything |
| the FDD I received except as follows: | relevant to the franchise that contradicted or was not consistent with the information included in |
| including who made them and when.) | (Write "none" if none were made or provide details of contrary claims or representations, |
| 4. of the FDD and as follows: | No oral, written or visual representations were made that stated or suggested any specific level, range or amount of income, sales or profits could be made in the franchised business, including any claims about "break even" or a return on investment or in any way relating to my financial prospects as a franchisee, other than those statements included in Item 19 |
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, when completing the receipt for the Franchise Disclosure Document (FDD), a prospective franchisee should provide honest responses to verify if anything improper was communicated to them before signing the Franchise Agreement. Specifically, if the prospective franchisee received any oral, written, or visual claim or representation about anything relevant to the franchise that contradicted or was not consistent with the information included in the FDD, they should provide details of those contrary claims or representations, including who made them and when. If no such claims were made, they should write "none".
This requirement ensures that Apricot Lane is seeking true and correct responses to verify if anything improper was said or represented to the prospective franchisee before they signed the Franchise Agreement. The FDD emphasizes that there is no "correct" response, and the franchisee should provide honest answers. This process aims to identify any discrepancies between what was presented during the sales process and what is officially disclosed in the FDD.
This disclosure is crucial for protecting both the franchisee and Apricot Lane. By documenting any inconsistent claims, the franchisee can raise concerns about potential misrepresentations made during the franchise sales process. Apricot Lane, in turn, can use this information to ensure its representatives are providing accurate and consistent information, thereby mitigating potential legal issues and maintaining transparency in its franchising practices. This step is a standard practice in franchising, as it promotes transparency and helps ensure that franchisees make informed decisions based on the official disclosures in the FDD.