What is the issuance date of the Auntie Annes Franchise Disclosure Document?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
The issuance date of this Disclosure Document is March 29, 2024.
Source: Item 22 — CONTRACTS (FDD page 106)
What This Means (2024 FDD)
According to the 2024 Auntie Annes Franchise Disclosure Document, the issuance date is March 29, 2024. This date is important because it signifies when the document was finalized and made available to prospective franchisees.
The issuance date is relevant to the disclosure requirements mandated by the Federal Trade Commission (FTC) and various state franchise laws. These laws require franchisors like Auntie Annes to provide the FDD to potential franchisees within a specific timeframe before they sign any binding agreements or make payments. For instance, the document mentions that Auntie Anne's must provide the Disclosure Document to you 14 calendar days before you sign a binding agreement.
Item 23 Receipt also states that if Auntie Anne's does not deliver the 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.
Therefore, franchisees should verify that the FDD they receive is indeed the most recently issued version and that they receive it within the legally mandated timeframe to ensure they have ample time to review the opportunity and make informed decisions.