What specific information about the FDD receipt date is Apricot Lane requiring?
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. |
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| 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 |
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to the 2025 Apricot Lane Franchise Disclosure Document, Apricot Lane requires franchisees to acknowledge the date they received the Franchise Disclosure Document (FDD). Franchisees must provide the specific date on which they received the FDD from Apricot Lane. Additionally, if a specific state is listed on Item 23, the franchisee must complete that section, indicating the FDD was for that particular state.
This requirement ensures that Apricot Lane can verify that it provided the FDD to prospective franchisees within the legally mandated timeframe. Federal and state laws require franchisors to provide the FDD to potential franchisees a certain number of days before they sign any binding agreements or make any payments related to the franchise. For instance, the FDD excerpt mentions that Country Visions must provide the disclosure document to you fourteen (14) calendar-days before you sign a binding agreement.
By documenting the receipt date, Apricot Lane aims to protect itself from potential legal challenges related to disclosure violations. The franchisee's acknowledgment serves as evidence that Apricot Lane complied with these regulations. Furthermore, the questionnaire includes a section for franchisees to report any inconsistencies or contradictions between the FDD and any oral, written, or visual claims made during the franchise sales process. This allows Apricot Lane to address any potential misrepresentations and ensure transparency in its franchise offerings.