If the Auntie Annes Disclosure Document contains a false statement, to whom should this be reported?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
If Auntie Anne's Franchisor SPV LLC 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 law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and the applicable state agency listed in Exhibit F.
Source: Item 22 — CONTRACTS (FDD page 106)
What This Means (2024 FDD)
According to Auntie Annes's 2024 Franchise Disclosure Document, if the document contains a false or misleading statement, or a material omission, it may constitute a violation of federal and state law. In such cases, the document states that it should be reported to the Federal Trade Commission (FTC) in Washington, D.C. 20580, and to the applicable state agency listed in Exhibit F of the FDD.
This instruction is included in the Item 23 Receipt, which emphasizes the importance of carefully reading the Disclosure Document and all related agreements. The receipt serves as an acknowledgement that the prospective franchisee has received the FDD and is aware of their rights and responsibilities.
For a prospective Auntie Annes franchisee, this means that they have recourse if they believe the information provided by Auntie Annes is inaccurate or incomplete. By reporting such issues to the FTC and the relevant state agency, franchisees can help ensure compliance with franchise laws and protect their investment. Exhibit F, mentioned in the disclosure, would be a critical resource for identifying the correct state agency to contact.