What specific document is referred to as the 'FDD' in the Apricot Lane franchise sales process?
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 days 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 'FDD' is referred to as the 'disclosure document'. This document provides a summary of the franchise agreement's provisions and other relevant information in plain English. Apricot Lane is required to provide this document to prospective franchisees at least 14 calendar days before they sign a binding agreement or make any payments related to the franchise sale. However, New York requires the disclosure document at the earlier of the first personal meeting or 10 business days before signing any agreement or making any payment, and Michigan requires it at least 10 business days before the same events.
The disclosure document includes essential information that helps potential franchisees make informed decisions. It contains details about the franchise agreement, the franchisor, and other aspects of the franchise system. This allows franchisees to carefully review the terms and conditions before committing to the franchise. The FDD also includes exhibits that provide additional information, such as state-specific addenda and the table of contents for the confidential operations manual.
If Apricot Lane fails to deliver the disclosure document on time, or if the document contains false, misleading, or omits any material information, it may constitute a violation of federal and state law. In such cases, the franchisee can report the violation to the Federal Trade Commission and their state agency. The document also lists the names, principal addresses, and telephone numbers of the franchise sellers, as well as the issuance date of the document, which in this case is February 28, 2025. This ensures transparency and accountability in the franchise sales process.