What action is required of the franchisee after receiving the Auntie Annes Disclosure Document?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
Two copies of an acknowledgment of your receipt of this Disclosure Document are attached as the last two pages of this Disclosure Document. Please return one copy to us and retain the other for your records.
Source: Item 23 — RECEIPTS (FDD pages 106–366)
What This Means (2024 FDD)
According to Auntie Anne's 2024 Franchise Disclosure Document, upon receiving the document, a franchisee must acknowledge its receipt. This involves completing two copies of the acknowledgment form included as the last two pages of the document.
The franchisee is required to return one copy of the acknowledgment to Auntie Anne's, confirming they have received the FDD. This step is crucial for compliance and demonstrates that the franchisor has provided the necessary information to the prospective franchisee as required by franchise regulations.
The franchisee should retain the other copy of the acknowledgment for their own records. This retained copy serves as proof that the franchisee received the Disclosure Document, which may be important for future reference or in case of any disputes.