On the Apricot Lane Franchise Disclosure Document receipt, what document is referred to as the 'FDD'?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
This disclosure document summarizes certain provisions of the franchise agreement and other information in plain English. Read this disclosure document and all agreements carefully.
If Country Visions offers you a franchise, we must provide this disclosure document to you fourteen (14) calendar-days before you sign a binding agreement with, or make a payment to, us or an affiliate in connection with the proposed franchise sale except:
New York requires that we give you this disclosure document at the earlier of the first personal meeting or 10 business day s before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship. Michigan requires that we give you this disclosure document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first.
If Country Visions 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 and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and your state agency.
The name, principal address and telephone number of each franchise seller offering the franchise:
Terry Odneal, Ken Petersen, Christopher Lanning, Traci Bleedorn and Judy Lanning, 1339 Oliver Road, Suite A, Fairfield, California 94534, (707) 451-6890
Issuance Date: February 28, 2025
Country Visions authorizes the Agents for Service of Process listed in Exhibit D to receive service of process for the Franchisor.
I have received a Franchise Disclosure Document dated February 28, 2025, that includes the following exhibits:
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to the 2025 Apricot Lane Franchise Disclosure Document, the document referred to as the 'FDD' is the Franchise Disclosure Document itself. The receipt included in Item 23 confirms that the franchisee has received the Franchise Disclosure Document dated February 28, 2025, along with its exhibits. This disclosure document provides a summary of the franchise agreement and other pertinent information in plain English, emphasizing the importance of careful review by the prospective franchisee.
The document also outlines the timeframe in which Country Visions, the franchisor, must provide the disclosure document to potential franchisees. In most states, this is fourteen calendar days before signing any binding agreement or making a payment. However, New York and Michigan have specific requirements regarding the timing of the disclosure.
Furthermore, the receipt advises the franchisee of their rights and recourse in the event of delayed delivery, false statements, misleading information, or material omissions in the disclosure document. It directs them to report any violations of federal and state law to the Federal Trade Commission and their state agency. The receipt also lists the names, addresses, and telephone numbers of the franchise sellers, as well as the issuance date of the Franchise Disclosure Document.